
The expanded Lockheed Martin deal and a separate $18.2 billion emergency replenishment request reflect strain on U.S. Patriot stocks after Iran-related fighting and broader readiness concerns.
The U.S. Army has expanded Lockheed Martin’s Patriot interceptor contract to as much as $58.6 billion, converting a one-year $4.7 billion award made in April into a seven-year arrangement intended to support deliveries through 2032 as U.S. missile inventories remain under pressure. Separately, the Department of Defense has asked Congress for $67 billion in emergency funding, including $18.2 billion to replace and upgrade Patriot systems depleted by operations against Iran, as officials warn delayed funding could create readiness shortfalls by August.