Defence giants Lockheed and Northrop see billion-dollar deals as Pentagon accelerates missile arsenal productionPublished On 3 Aug 20263 Aug 2026The United States Department of Defense penned a new deal with defence giants Lockheed Martin and Northrop Grumman in an effort to ramp up production capacity for parts used in missile defence systems.The deal, which will impact the Patriot PAC-3 and THAAD missile interceptor systems, was announced on Monday.Recommended Stories list of 4 itemslist 1 of 4Growing like ‘gangbusters’: Can Taiwan maintain its economic momentum?list 2 of 4Rubio’s bypass plan: Can the world escape the Strait of Hormuz chokepoint?list 3 of 4Capital One cites anti-money laundering concerns in Trump Organization caselist 4 of 4Japan and US confirm rare joint intervention to prop up yenend of list“Building the Arsenal of Freedom requires robust, dynamic supply chains at every level of the industrial base,” said Michael P. Duffey, Undersecretary of War for Acquisition and Sustainment, in a release.The deal will triple Patriot production and quadruple THAAD system production. While the agency did not release the terms of the agreement, the US Army on Wednesday awarded ...

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