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Lockheed Martin vows to boost jobs after $59B PAC-3 missile contract

Company calls the award “a once-in-a-generation” moment and says it will triple production capacity and expand employment under the seven-year deal.

Published Jul 30, 2026, 10:44 AM EDT | LehighValleyLive

Lockheed Martin has secured a $59-billion, seven-year Pentagon contract for its PAC-3 Missile Segment Enhancement (MSE) interceptors and has promised to triple production capacity and expand employment opportunities as a result.