Lockheed to build cheaper Patriot missile to counter drone threat

US defence group says new weapon will be less than half the cost of current flagship interceptor

Lockheed Martin launches cheaper Patriot missile as air defence demand surges

Lockheed Martin announced a lower-cost Patriot interceptor on Monday as militaries seek cheaper ways to counter drones ‌and missiles, while defence contractors face competition from start-ups making low-cost weapons that can be produced at scale. Lockheed said its new PAC-3 Adapted Capability Effector (ACE) missile would cost less than half as much as its PAC-3 MSE interceptors, which cost roughly US$4 million per missile, according to US Army budget documents. Initial production could ⁠start...

By Reuters

Lockheed to make cheaper Patriot interceptors as air defense demand soars

Lockheed to build low-cost Patriot interceptor using Hit-to-Kill technology - how it works

Lockheed Martin introduced a new, cheaper interceptor for the Patriot air defence system. This PAC-3 ACE missile costs less than half of current options. It aims to help allies counter growing drone and missile threats affordably. Initial production could begin within thirty-six months with industry partners. This development addresses rising global conflicts and competition from new weapon makers.

By TOI DEFENCE DESK