On August 31, the Department of War (DoW) announced the signing of two seven-year framework agreements with General Dynamics Corporation (NYSE:GD)'s Ordnance and Tactical Systems (GD) and Lockheed Martin Corporation (NYSE:LMT) on August 31. The multiyear procurement contracts aim to triple PAC-3 MSE and quadruple THAAD interceptor capacity by scaling manufacturing for subcomponents like motor cases and seeker housings. You May Also Want to Read: Lockheed Martin (LMT) Is Spending Ahead on JATM. Will a Multiyear Contract Follow?Could Palantir Technologies Inc. (PLTR)’s Partnership With Nebius Group N.V. (NBIS) Accelerate Its AI Growth?
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