US signs deal to boost Patriot and THAAD missile parts production

The US signed a $3 billion deal with Lockheed Martin and Northrop Grumman to increase production of Patriot and THAAD missile parts due to stockpile strains from conflicts in Iran and Ukraine. This follows a separate $58.6 billion contract for Lockheed to produce Patriot interceptors, as the US supplies arms to allies and uses munitions in ongoing conflicts.