- Joined
- Mar 3, 2021
The Pentagon announced three framework agreements today with prime defense manufacturers to surge production and delivery of missile systems and components.
Agreements made with Lockheed Martin, BAE Systems and Honeywell Aerospace will rapidly accelerate production of a wide array of missile components, including ballistic interceptors.
Lockheed will quadruple production levels of the Precision Strike Missile, which was used for the first time in combat against Iranian targets in Operation Epic Fury.
BAE Systems announced that annual THAAD production rates will also quadruple.
Honeywell will rapidly increase production of critical missile components. Jim Currier, president and CEO of Honeywell Aerospace, said in a statement that the company "is proud to embrace the challenge and meet this urgent need."
