Boeing Secures $14.7B Contract to Triple PAC-3 MSE Seeker Production for Lockheed Martin

Boeing has been awarded a $14.7 billion contract by Lockheed Martin to triple production of PAC-3 MSE seekers, supporting the Department of Defense’s Arsenal of Freedom initiative.

Why it matters. The contract will significantly boost production of critical defense components, impacting U.S. military readiness and supply chain resilience.