A new Patriot missile costs less than half the price of a regular interceptor, Lockheed Martin says

A PAC-2 interceptor is launched from a battery in Taiwan. SAM YEH/AFP via Getty Images Lockheed Martin is introducing a new, cheaper Patriot missile. The PAC-3 ACE is meant to cost less than half the price of the regular $4.2 million PAC-3 MSE. The announcement comes amid booming global demand for air defense munitions against higher-end threats. Lockheed Martin announced a new PAC-3 interceptor on Monday that it said costs less than half the price of a regular Patriot missile. The PAC-3…