Boeing Secures ~$14.7B Contract for PAC-3 Missile Seekers

Boeing Co. has been awarded a contract valued at approximately $14.7 billion from Lockheed Martin Corp. to produce and deliver Missile Segment Enhancement (MSE) seekers for Patriot Advanced Capability-3 (PAC-3) missiles.

The agreement is a seven-year contract, according to a report published by Benzinga on October 5, 2026. The contract covers the production and delivery of the MSE seekers, which are a critical component of the PAC-3 missile system.

The news was filed under the Contracts category. Boeing's stock was trading at $192.94 on the date of the report, while Lockheed Martin's stock was trading at $504.94.