US strikes $58.6 billion Patriot missile deal amid rising stockpile concerns

The U.S. Army awarded Lockheed Martin a $58.6 billion contract to produce Patriot interceptor missiles over seven years, addressing strained stockpiles due to conflicts in Iran and Ukraine. The deal expands a previous $4.7 billion agreement and aims to triple PAC-3 MSE production capacity by 2030 while increasing jobs at a facility in Arkansas.