In an "extraordinary" 22-day turnaround, Lockheed Martin received its first shipment of critical components from General Motors for Patriot interceptors.
Lockheed Martin introduced a cheaper Patriot interceptor as the U.S. and partner nations grapple with the exorbitant costs of shooting down cheap drones.
As U.S. lawmakers worry over the munitions stockpile, Lockheed Martin announced a multiyear contract to increase THAAD production from 96 to 400 a year.