≈$10.48B Army DEFINITIVE CONTRACT W31P4Q20C0023

PAC-3 Patriot interceptor production: ~$10.5B — an Army contract with Lockheed Martin (USAspending)

Department of the Army ・2020-04-30 〜 2033-09-30

The U.S. Army awarded a production contract for the Patriot air-defense system's "PAC-3 (Advanced Capability-3)" interceptor to Lockheed Martin, covering FY21–23 production for the U.S. and Foreign Military Sales (FMS). The value is about $10.5 billion ($10,478,694,386).

Contract key facts

RecipientLOCKHEED MARTIN CORPORATION
Contract value$10,478,694,386 (≈$10.48B)
BranchArmy
Awarding agencyDepartment of Defense
Awarding sub-agencyDepartment of the Army
Award typeDEFINITIVE CONTRACT
Period of performance2020-04-30 〜 2033-09-30
Contract ID (PIID)W31P4Q20C0023

Contract scope (original)

THE CONTRACT AWARD IS FOR THE FY21/FY22/FY23 BASE AND OPTION PRICING FOR PHASE ARRAY TRACKING RADAR TO INTERCEPT ON TARGET (PATRIOT) ADVANCED CAPABILITY-3 (PAC-3) PRODUCTION REQUIREMENTS FOR THE UNITED STATES (US) AND FOREIGN MILITARY SALES (FMS)

Key points

FY21–23 production of the Patriot "PAC-3" interceptor
Awarded to Lockheed Martin; awarding component is the U.S. Army; U.S. + FMS
Value ~$10.5B ($10,478,694,386), definitive contract, Apr 2020–Sep 2033
PAC-3 is a hit-to-kill interceptor = core of air & missile defense

This contract covers FY21/FY22/FY23 base and option pricing for production of the Patriot air-defense system's "PAC-3 (PATRIOT Advanced Capability-3)" interceptor, for both the United States and Foreign Military Sales (FMS).

Patriot is a ground-based air-defense system, and PAC-3 is its latest "hit-to-kill" interceptor against ballistic missiles and aircraft. Bundling U.S. requirements with allied FMS orders into one production run improves procurement efficiency.

Air and missile defense is an area of rising demand, and this contract is one of the Army's major equipment buys.

Why it matters

A read on procurement in the rising air- and missile-defense field and how allied (FMS) orders are bundled into production. Useful for defense supply chains and security watchers.

FAQ

What data is this?

A single Department of Defense (DoD) federal procurement contract recorded in "USAspending," the U.S. open government-spending dataset. The recipient, awarding component, value, and scope are public. This site is not an official U.S. government website.

Is the amount final?

It is a cumulative figure as of collection. Large defense contracts accumulate modifications over many years, so amounts change. The latest figure is available at the source, USAspending.

What is PAC-3?

The latest interceptor of the Patriot air-defense system, using "hit-to-kill" to intercept ballistic missiles and aircraft. U.S. and allied (FMS) orders are produced together.

Sources (primary)

This article is an independent organization based on the U.S. official spending data below. Verify the exact, latest details with the official source.

USAspending (award details)
Contract ID (PIID)：W31P4Q20C0023

#Defense#Department of Defense#Army#Missile defense#PAC-3#Federal procurement

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