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News in English (USA) / 30.07.2026 / 10:00

Pentagon and Defense Firms Sign Major Contracts Amid Rising Military Demands

The Pentagon has announced a series of significant contracts exceeding $120 billion aimed at bolstering the U.S. defense arsenal in response to escalating global tensions and concerns over depleting missile stockpiles. Lockheed Martin has secured contracts valued at approximately $59 billion to enhance the production of Patriot missiles and PAC-3 systems. In addition, L3Harris has inked landmark agreements to triple the production of propulsion components for various missile systems, including THAAD. These developments come as the U.S. military prepares to ramp up production levels significantly to ensure readiness in light of ongoing conflicts, particularly in the Middle East. With the defense industry mobilizing for increased output, the initiative signals a robust response to current and future operational demands.
WSJ, Bloomberg.com, Reuters, Breaking Defense, Lockheed Martin, Aviation Week, The Times of Israel, The Business Times, Manufacturing Dive, simplywall.st