BOEING EXPANDS THE PAC-3 LEAD CAPACITY TO SUPPORT UNITED STATES AIR DEFENCE STOCKS

BOEING INCREASED PRODUCTION AT THE HEAD OF PAC-3 INTERCEPTORS BY 30 PER CENT LAST YEAR AND PLANS TO ACHIEVE A SIMILAR INCREASE THIS YEAR TO COMPLEMENT THE UNITED STATES STOCKPILE OF KEY ANTI-AIRCRAFT INTERCEPTORS. ACCORDING TO CEO STEVE PARKER OF BOEING DEFENCE OPERATIONS, THE COMPANY PRODUCED 650 PILOT SETS LAST YEAR, CORRESPONDING TO THE NUMBER OF PAC-3 MISSILES THAT LOCKHEED MARTIN PLANS TO PRODUCE IN 2026. BOEING'S GOAL THIS YEAR IS TO INCREASE LEAD PRODUCTION TO 850. DURING THE IRANIAN WAR, THE UNITED STATES AND ITS ALLIES FIRED THOUSANDS OF PAC-3 INTERCEPTORS AS IRAN LAUNCHED BALLISTIC MISSILES AT MULTIPLE TARGETS IN THE REGION. THE FRAMEWORK AGREEMENT SIGNED THIS YEAR IS EXPECTED TO BOOST PRODUCTION TO 2,000 PER YEAR BY 2030。