Boeing, Lockheed finalize $14.7B deal to triple Patriot PAC-3 MSE production

Boeing and Lockheed Martin have finalized a $14.7 billion agreement to triple production of Patriot PAC-3 MSE missile guidance systems, boosting output and employment in Huntsville, Alabama. The deal reflects sustained US investment in missile defense amid global demand, but production ramp-up timelines and supply chain constraints remain uncertain. This strengthens US defense industrial capacity and signals continued prioritization of air defense systems.