US SIGNS DEAL TO BOOST PATRIOT AND THAAD MISSILE PARTS PRODUCTION

The U.S. has signed a more ‌than $3 billion deal with Lockheed Martin and Northrop Grumman to ramp up production of Patriot and THAAD interceptor missile parts, as conflicts in Iran and Ukraine ​strain stockpiles.

The deal, announced by the Pentagon and Northrop on Monday, ​follows last week's announcement of a contract for Lockheed worth ⁠up to $58.6 billion to produce Patriot interceptor missiles.

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