07 Feb 2018 |James LaPorta | UPI
Feb. 7 (UPI) — Lockheed Martin was awarded a contract for upgraded Patriot missiles for domestic use, as well as the countries of Qatar, Saudi Arabia and Romania.
The deal, announced Tuesday by the Department of Defense, is valued at more than $523.8 million, which is a modification on a previous award contract.
The agreement will provide Patriot advanced capability-3 missile segment enhancement missiles, cost reduction initiative missiles and associate ground support equipment, the Pentagon said.
Work on the contract will occur in Alabama, Arizona, Florida, Massachusetts and Texas, and is expected to be completed by January 2021.
The total amount of the contract will be obligated to Lockheed Martin at the time of award from Army fiscal 2016, 2017 and 2018 other procurement funds.