Lockheed Awards Boeing $14.7 Billion Contract to Accelerate PAC-3 MSE Seeker Output

MT newswire2026/10/05 18:21

02:21 PM EDT, 10/05/2026 (MT Newswires) -- Lockheed Martin (LMT) awarded Boeing (BA) an undefinitized contract action worth about $14.7 billion to scale production and deliver PAC-3 Missile Segment Enhancement seekers, Boeing said Monday. The award enables Boeing to triple PAC-3 MSE seeker production under a previously announced seven-year framework agreement with the US Department of Defense, Boeing added. Lockheed didn't immediately reply to a request for comment from MT Newswires. Price: 506.40, Change: +0.99, Percent Change: +0.20

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