Boeing wins a PAC-3 seeker contract worth up to $14.7 billion.

Boeing received a seven-year contract from Lockheed Martin valued at up to about $14.7 billion to supply seekers for the PAC-3 Missile Segment Enhancement interceptor. Reuters reported that the arrangement is intended to triple seeker production for the Patriot air-and-missile-defence programme.

The headline ceiling is not guaranteed revenue: future quantities depend on orders and funding that Congress has not yet appropriated. The award nevertheless gives Boeing a long production horizon for a specialised component used to guide the interceptor to its target.