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In 2014, the United Arab Emirates closed a deal worth nearly $4 billion with Lockheed Martin and Raytheon to buy and operate the latest development of the PAC-3 system, as well as 288 of Lockheed's PAC-3 missiles, and 216 GEM-T missiles. The deal was part of the development of a national defense system to protect the Emirates from air threats ...
Lockheed Martin ALHTK (sometimes spelled Lockheed Martin Air Launched Hit To Kill) was a Lockheed Martin program sponsored by the USAF and Missile Defense Agency.ALHTK mounted the PAC-3 missile on the wing of an F-15 by using an external shell in the shape of a fuel tank to house the PAC-3 missile. [1]
MEADS incorporates the Lockheed Martin Missiles and Fire Control hit-to-kill PAC-3 Missile Segment Enhancement (MSE) missile in a system including 360-degree surveillance and fire control sensors, netted-distributed tactical operations centers, and lightweight launchers. [3]
Per the terms of the agreement, Lockheed Martin (LMT) will also manufacture associated ground support equipment and initial spares in relation to the PAC-3 missiles
The PAC-3 round is also much smaller than an SM-6 or SM-3, weighing about 300 kg (660 lbs), compared with 1,500 kg for the SM-6, and is about 9 cm (3.5 inches) smaller in diameter.
Lockheed (LMT) set to provide incidental services, hardware, facilities, equipment, and all technical, planning, management, manufacturing, and testing to produce PAC-3 missiles.
Lockheed (LMT) wins deal to provide highly specialized technical support for the PAC-3 Missile Field Surveillance Program and missile post-production activities
This was out of total Lockheed Martin profits of $6.6 billion on sales of $59.8 billion. Lockheed Martin projects MFC's 2020 profits will be $1.5 billion on sales of $11.0-11.3 billion. [ 4 ] For context, based on 2019 sales, this would put MFC at No. 314 on the 2019 Fortune 500 were it a stand-alone corporation.