Lockheed Martin: Plans to triple PAC-3 MSE missile production by 2030 under $58.62bn DoD contract

Published Jul 30, 01:55 PM UTC

Lockheed Martin announced plans to triple production capacity for its PAC-3 Missile Segment Enhancement (MSE) interceptors by 2030, following a seven-year contract modification worth up to $53.86 billion from the US Department of War. The total multiyear contract value now stands at $58.62 billion. Production expansion will center on the Camden, Arkansas facility, adding approximately 650 jobs and increasing the workforce to 1,850 employees. The PAC-3 MSE interceptor is designed to counter tactical ballistic missiles, cruise missiles, and aircraft through direct kinetic impact. Lockheed Martin CEO Jim Taiclet described the moment as 'once-in-a-generation' and emphasized wartime urgency. The company is investing $8–9 billion through 2030 to modernize over 20 US facilities and increase munitions production. The system has been operationally deployed in Ukraine and Operation Epic Fury. This is the second major multiyear contract under the Department of War's updated acquisition strategy, following a $35 billion THAAD agreement.