The War Department announced two framework agreements with General Dynamics and Lockheed Martin to start seven-year multiyear procurement contracts. The deals aim to increase production quantities and accelerate delivery schedules for PAC-3 and THAAD missile subcomponents, including tripling PAC-3 and quadrupling THAAD production.
WHO:War Department; General Dynamics; Lockheed Martin
WHAT:Framework agreements initiate seven-year multiyear procurement contracts to expand PAC-3 and THAAD production.
WHEN:Reported Aug 31, 2026 at 7:59 AM ET
WHERE:Location not specified
WHY:Cause not yet established.
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