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Kuwait Joins PAC-3 Club With $308 Million U.S. Army Contract To Lockheed Martin

By Cal Biesecker

Friday, August 16th, 2013

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Kuwait became the sixth and latest nation to procure Lockheed Martin’s [LMT] Patriot Advanced Capability-3 (PAC-3) missile segment program as the company in July was awarded a $308 million Army Aviation and Missile Command contract modification for the sale. The contract includes production of 244 hit-to-kill PAC-3 missiles, 72 launcher modification kits and associated tooling, as well as program management, according to a Lockheed Martin statement. This is the 14th production buy of the PAC-3 missile segment by the Defense…

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