US signs mega $58.6bn deal for Patriot missiles as stock runs low amid Iran war

The United States awarded Lockheed Martin a significant contract for Patriot interceptor missiles. This deal ensures long-term production of crucial air defence interceptors for the US Army. Concerns over dwindling missile stockpiles influenced this major procurement decision. The agreement aims to triple production capacity and boost employment at a key facility. This expansion supports broader Pentagon efforts to accelerate weapons manufacturing globally.