Event Brief
US signs $3B deal to boost Patriot and THAAD parts
Filed: Aug 03, 2026 at 3:00 PM ET
Summary: The Pentagon and Northrop announced a $3B+ deal with Lockheed Martin and Northrop to ramp up Patriot and THAAD parts production.
WHO: US Department of Defense (Pentagon), Northrop Grumman, Lockheed Martin
WHAT: Signed a more than US$3 billion deal to increase production of Patriot and THAAD interceptor missile parts.
WHEN: Aug 03, 2026 at 12:51 PM ET
WHERE: USA
WHY: To ramp up production of Patriot and THAAD interceptor missile parts as conflicts in Iran and Ukraine strain stockpiles.
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