The revised Army contract with Lockheed Martin is valued at up to $53.9 billion, supplementing a $4.7 billion Patriot missile order awarded in April, Anadolu Agency reported.
The Pentagon also granted the company a preliminary $35 billion multiyear contract for Terminal High Altitude Area Defense (THAAD) interceptors designed to counter ballistic missile threats.
In April, the Defense Department said it reached a framework deal with Boeing and Lockheed Martin aimed at tripling the production capacity for critical missile components.
The seven-year agreement focuses on increasing output of seekers used in the Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE), a key interceptor in the nation’s layered missile defense system.