Pentagon signs 7-year deals to increase missile production
LMT•Pentagon secures long-term missile production agreements
WASHINGTON, Aug 31 (Reuters) - The Pentagon said on Monday it secured seven-year agreements with General Dynamics Ordnance and Tactical Systems (GD-OTS) and Lockheed Martin LMT.N to increase missile production.
The agreements are designed to "increase production quantities and accelerate delivery schedules for critical missile subcomponents supporting the Terminal High Altitude Area Defense (THAAD) and Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptor programs," the Pentagon said.
