Boeing awarded nearly USD 1 billion for air and missile defense

Boeing has been awarded contracts in the past year totaling $974 million to develop a next-generation seeker for the U.S. Army’s Patriot Advanced Capability-3 (PAC-3) Missile system, as well as continue and expand production on current generations of the PAC-3 seeker, in Huntsville, Alabama, as a subcontractor to Lockheed Martin.

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A PAC-3 Missile launches during a test at White Sands Missile Range, New Mexico (Picture source: U.S. Army)

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