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✦Reported by Reuters

Lockheed Martin unveils PAC-3 Edge interceptor designed to counter hypersonic threats

Lockheed Martin unveils PAC-3 Edge interceptor designed to counter hypersonic threats
Source: Reuters

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓Lockheed Martin unveiled the PAC-3 Edge interceptor to counter hypersonic threats.
  • ✓The US Army awarded the firm a contract worth up to $58.6 billion in July to boost production.
  • ✓Tim Cahill said, "The cost of this would be about that of the existing PAC-3 MSE." It features upgraded flight controls.

Story at a Glance

Category
BUSINESS
Reported By
Reuters
Reading Speed
1 Minute(s)
Market Focus
India Economy

Growing demand for air and missile defense systems ​amid conflicts in Ukraine and the Middle ​East has strained US weapons stockpiles, prompting ⁠the US Army to award Lockheed Martin a ​contract worth up to $58.6 billion in July to ramp ​up production of PAC-3 interceptors.

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Lockheed Martin said PAC-3 Edge incorporates a new seeker, upgraded flight controls and a ​multi-pulse rocket motor supplied by Northrop Grumman, enhancing ​the interceptor's ability to counter advanced threats, including hypersonic missiles, ‌at ⁠longer ranges and higher altitudes.

"The cost of this would be about that of the existing PAC-3 MSE," Tim Cahill, president of missiles and ​fire control at ​Lockheed Martin, ⁠told Reuters. "At full production, the annual rate would be about 2,000 ​units a year, comparable with PAC-3 MSE."

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Lockheed Martin unveils PAC-3 Edge interceptor designed to counter hypersonic threats | ArthNow