Pentagon signs US$3 billion deal to ramp up Patriot, THAAD missile parts production

The US has signed a more than US$3 billion deal with Lockheed Martin and Northrop Grumman to ramp up production of Patriot and ‌THAAD interceptor missile parts, as conflicts in Iran and Ukraine strain stockpiles. The deal, announced by the Pentagon and Northrop on Monday, follows last week’s announcement of a contract for Lockheed worth up to US$58.6 billion to produce Patriot interceptor missiles