Lockheed Snares $376 Million Army PAC-3 Missile Deal

The Army gave Lockheed Martin Corp. [LMT] a $376 million contract for the Patriot Advanced Capability-3 (PAC-3) Missile program.

Lockheed will provide hardware and services , including production of 112 hit-to-kill PAC-3 Missiles, launcher modification kits, spares and other equipment, as well as program management and engineering services.