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Lockheed Martin Gets $921 Mln Contract For Combat-Proven PAC-3 Missiles

Lockheed Martin [LMT] Monday said it received contracts totaling $921 million from the U.S. Army Aviation and Missile Command for hardware and services associated with the combat-proven Patriot Advanced Capability-3 Missile Segment program.

The contract includes Fiscal Year 2012 missile and command launch system production for the U.S. Army and a follow-on sale of the PAC-3 Missile Segment to Taiwan.

The contract includes production of hit-to-kill PAC-3 Missiles, launcher modification kits, spares and other equipment, as well as program management and services.

by RTTNews Staff Writer

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