Lockheed Martin ($LMT) and Northrop Grumman ($NOC) have signed Pentagon framework agreements to expand production capacity for missile interceptor components as the U.S. works to replenish munitions stockpiles. The agreements include up to $2 billion supporting Lockheed's PAC-3 MSE Patriot interceptor and about $1 billion tied to the THAAD missile defense system.

• Northrop secured framework agreements worth up to $3 billion to supply components for Lockheed missile interceptor programs.
• Approximately $2 billion supports PAC-3 MSE production, including expanded solid rocket motor manufacturing.
• About $1 billion will support increased production of THAAD interceptor components.
• Lockheed is targeting production of 2,000 PAC-3 MSE interceptors annually by the end of 2030.
• Northrop has invested roughly $2 billion in expanding missile production capacity since 2019 across facilities in Utah, West Virginia, and Maryland.

Relevant Companies

• Lockheed Martin ($LMT) – Prime contractor for the PAC-3 MSE Patriot and THAAD interceptor programs benefiting from expanded production.
• Northrop Grumman ($NOC) – Will expand production of solid rocket motors and THAAD components under framework agreements worth up to $3 billion.
• L3Harris Technologies ($LHX) – Current supplier of PAC-3 solid rocket motors; Northrop's expanded role broadens the program's supplier base.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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