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Boeing Company (NYSE: BA ) on Monday disclosed securing an approximately $14.7 billion undefinitized contract action from Lockheed Martin Corporation (NYSE: LMT ). Boeing Wins Seven-Year PAC-3 MSE Seeker Production Framework The award allows Boeing to triple PAC-3 MSE seeker output under its previously announced seven
Boeing won an undefinitized contract action worth about $14.7 billion from Lockheed Martin to scale PAC-3 MSE seeker output. Seven-year award sets a framework to triple seeker production to support Patriot interceptor deliveries. Production ramp-up and related hiring began earlier this year, with hundreds of jobs expec