Lockheed Martin Bets On Low-Cost Patriot Missile As Ukraine, Middle East Wars Drive Demand
Lockheed Martin (NYSE: LMT ), on Monday, introduced a more affordable Patriot interceptor, the PAC-3 Adapted Capability Effector (ACE) missile, amid growing demand for cost-effective air defense solutions. The new missile from Lockheed Martin is projected to cost less than half of its PAC-3 MSE interceptors, which are