World's Biggest Defense Contractor in Overdrive Mode - Part 2
World's biggest defense contractor, Lockheed Martin Corporation, is ramping up production rates on key defense systems at almost war footing to meet surging global demand.
PAC-3 Missile Segment Enhancement (MSE): The PAC-3 MSE has proven itself to be one of the world’s foremost missile defense interceptor, as part of the PATRIOT terminal air defense system, in Ukraine, wherein, it has even taken down the Russian air-launched hypersonic missile, Kinzhal, which has further revived the modernized version of the PATRIOT system originally designed in the 1970s decade and inducted into service in 1984.
As part of ramping-up production rates on the PAC-3 MSE, in 2022, Lockheed Martin inaugurated a new, 85,000 sq.ft. expanded facility at the existing PAC-3 MSE production facility in Camden, Arkansas aimed at expanding existing production capacity. Additionally, Lockheed Martin has announced plans to further increase the production capacity of PAC-3 to around 650 missiles by 2027 to meet increasing global demand for the PATRIOT system.
Further, the global industrial base for the PATRIOT System and PAC-3 MSE System is expanding as well with Polish Defense Industrial base slated to produce the missile launch tubes for the PAC-3 MSEs under an industrial offset program, in return, for the WISLA-II program, under which, Poland will acquire 6 additional PATRIOT missile batteries.
Long Live the Patriot and his Patriotic Deeds...
Image Credits: Department of Defense
For More, Explore our Comprehensive Research Report Comparative SWOT & Strategy Focus: 2024-2027 - World's Top 7 Aerospace & Defense Companies - Airbus, Boeing, BAE Systems, Lockheed Martin, Northrop Grumman, General Dynamics, RTX
About the Author: Rajat Narang is the Co-Founder & Partner of Noealt Corporate Services apart from being an A&D Industry Researcher & Specialist, Serial Author and Nuclear, Aviation & Cold-War Historian. For his full bio and list of books authored by him on the Global A&D Industry, access his author page on Amazon.com