Lockheed Martin To Modernize Patriot Missile System For 7 Nations

Lockheed Martin has won a more than $39-million contract to provide seven foreign governments with Patriot missile defense system enhanced launcher electronics, engineering support and maintenance.

The Defense Department explained that the contract is for the Patriot Advanced Capability-3 [PAC-3] Missile Support for recapitalization of the enhanced launcher electronic system, field missile activities and unscheduled maintenance, the company announced Monday.

The PAC-3 missile is designed to destroy tactical ballistic missiles, cruise missiles and aircraft. It is a high velocity interceptor that defeats incoming targets by direct impact, also known as Hit-to-Kill, according to Lockheed Martin.