Full coverage · Security · Updated 30 Jul, 09:16
Pentagon Signs $59 Billion Deal to Boost Patriot Missile Inventory Amid Iran Tensions The U.S. Department of Defense signed a $58.9 billion contract with Lockheed Martin to increase Patriot missile production from 600 to 2,000 annually between 2026 and 2032, addressing missile shortages caused by conflicts involving Iran and Ukraine. The deal includes over 10,000 missiles and aims to prioritize U.S. and Gulf allies' defense, delaying deliveries to Ukraine and Switzerland. Additionally, the Pentagon ordered older PAC-2 missiles to supplement defenses amid rising threats.
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Illustration by baba What happened 01 Pentagon signs $58.9 billion contract with Lockheed Martin for Patriot missiles through 2032. 02 Annual Patriot missile production will increase from 600 to 2,000 units to replenish depleted stock. 03 Lockheed Martin plans $9 billion investment and 1,000 new jobs in Alabama and Arkansas facilities. 04 Deliveries to Ukraine and Switzerland delayed to prioritize U.S. forces and Gulf allies. 05 Older PAC-2 missiles ordered to supplement defenses and conserve advanced interceptors. 06 Contract includes over 10,000 missiles and aims to reduce unit cost to about $4 million each. Translated and summarized by baba from Walla , the latest report. Read Walla’s original The coverage
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