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Saturday, May 28, 2011

Boeing Awarded PAC-3 Seeker Production Contract

Patriot PAC-3Boeing today announced it has received a $274 million contract from Lockheed Martin to produce more than 300 Patriot Advanced Capability-3 (PAC-3) missile seekers.

The firm fixed price contract is Boeing’s ninth consecutive PAC-3 seeker production award -- following three low-rate initial production buys -- and the largest PAC-3 contract received by Boeing to date.

Lockheed Martin Missiles and Fire Control is the PAC-3 Missile Segment prime contractor, supporting the U.S. Army Lower Tier Project Office.

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