financetom
Business
financetom
/
Business
/
Boeing awarded $2.7 billion in contracts for Patriot missile seekers
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Boeing awarded $2.7 billion in contracts for Patriot missile seekers
Oct 14, 2025 6:25 AM

Oct 14 (Reuters) - Boeing ( BA ) said on Tuesday it has

secured about $2.7 billion in a combination of multi-year

contracts to supply a key guidance component for the Patriot

interceptor missiles.

The contracts come amid surging global demand for Patriot

Advanced Capability-3 (PAC-3) interceptor missiles, as the

United States and allied militaries ramp up air defense

capabilities in response to heightened geopolitical tensions.

Under the agreement, Boeing ( BA ) will deliver more than 3,000

seekers, which aid the missile in detecting, tracking and

locking onto its target, at rates of up to 750 units per year

through 2030.

Boeing ( BA ) said it was working closely with prime contractor

Lockheed Martin ( LMT ) and the U.S. Army to increase the

production rates further and meet new targets for the PAC-3

interceptor.

"Demand for PAC-3 interceptors has grown in response to

recent conflicts and rapidly changing threat environments in

Ukraine, the Middle East and the Indo-Pacific," Boeing ( BA ) said on

Tuesday.

Last month, the U.S. Army awarded Lockheed Martin ( LMT ) a $9.8

billion contract for PAC-3 missiles.

The Patriot system is one of the advanced air defense

platforms supplied by Western allies to Ukraine in its fight

against Russia's invasion and could also play a role in U.S.

President Donald Trump's proposed Golden Dome missile defense

initiative.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Primis Financial Q3 net income jumps on higher net interest margin, expects profitability growth in 2026
Primis Financial Q3 net income jumps on higher net interest margin, expects profitability growth in 2026
Oct 23, 2025
Overview * Primis Financial ( FRST ) Q3 net income rises to $7 mln, showing substantial growth from 2024 * Company's net interest margin improves to 3.18% in Q3 2025 from 2.97% in Q3 2024 * Primis Financial ( FRST ) declares quarterly cash dividend of $0.10 per share Outlook * Primis expects further net interest margin improvement in Q4...
McGrath RentCorp Q3 Earnings, Revenue Fall; Updates Full-Year Outlook
McGrath RentCorp Q3 Earnings, Revenue Fall; Updates Full-Year Outlook
Oct 23, 2025
05:07 PM EDT, 10/23/2025 (MT Newswires) -- McGrath RentCorp ( MGRC ) reported Q3 diluted earnings late Thursday of $1.72 per share, down from $6.08 a year earlier. Four analysts polled by FactSet expected $1.82. Revenue for the quarter ended Sep. 30 was $256.4 million, down from $266.8 million a year earlier. Four analysts surveyed by FactSet expected $266.6 million....
Newmont beats quarterly profit estimates as record gold prices offset output drop
Newmont beats quarterly profit estimates as record gold prices offset output drop
Oct 23, 2025
Oct 23 (Reuters) - Newmont ( NEM ), the world's largest gold miner, beat Wall Street estimates for third-quarter profit on Thursday as record-high gold prices helped offset a drop in its production levels. Gold prices have repeatedly set new records this year as investors turned to the safe-haven asset amid the uncertainty triggered by U.S. President Donald Trump's tariff...
Samsara Insider Sold Shares Worth $6,572,947, According to a Recent SEC Filing
Samsara Insider Sold Shares Worth $6,572,947, According to a Recent SEC Filing
Oct 23, 2025
05:07 PM EDT, 10/23/2025 (MT Newswires) -- John Bicket, 10% Owner, Director, Executive Vice President, Chief Technology Officer, on October 21, 2025, sold 170,000 shares in Samsara (IOT) for $6,572,947. Following the Form 4 filing with the SEC, Bicket has control over a total of 446,816 Class A common shares of the company, with 311,816 shares held directly and 135,000...
Copyright 2023-2026 - www.financetom.com All Rights Reserved