Lockheed Martin Secures $58.62 Billion Patriot Missile Contract

This long-term procurement strategy marks a significant departure from the initial $4.7 billion one-year authorization granted last April. By locking in production from fiscal 2026 through 2032, the Department of Defense aims to stabilize a supply chain that has struggled to keep pace with rapid consumption rates. The shift toward a multi-year framework provides the industrial certainty required to expand manufacturing capacity for one of the military's most critical air defense assets.