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European defense industry

Coverage of European defense industry in the Nexus archive.

Earliest in view: Jul 21 · 04:38 UTCMost recent: Jul 21 · 04:38 UTC
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  • SECURITYJul 21 · 04:38 UTCBUSINESS INSIDER
    A new Patriot missile costs less than half the price of a regular interceptor, Lockheed Martin says

    Lockheed Martin introduced the PAC-3 ACE, a cheaper Patriot missile designed to cost less than half of the regular $4.2 million PAC-3 MSE. The development comes amid high global demand for air defense munitions due to conflicts in Ukraine and the Middle East, with production plans to scale up rapidly through partnerships with European defense industries.