U.S. and Dutch officials recently formalized an agreement for the Netherlands to purchase Lockheed Martin's (NYSE: LMT) PAC-3 Missile Segment Enhancement (MSE) interceptors and related support equipment. With the signing, the Netherlands becomes the 12th customer of PAC-3 MSE and advances its missile defense technology from the PAC-3 Cost Reduction Initiative (CRI) the country acquired in 2004.
“We’re honored to continue to partner with the Netherlands, our first PAC-3 international customer, for their missile defense capabilities,” said Brenda Davidson, vice president of PAC-3 Programs at Lockheed Martin Missiles and Fire Control. “PAC-3 MSE is known around the world for its reliability and performance using Hit-to-Kill technology to ensure our customers remain ready to defend in 21st century warfare.”
An evolution of the battle-proven PAC-3 Cost Reduction Initiative (CRI), the PAC-3 MSE boasts a dual-pulse solid rocket motor, providing increased performance in altitude and range to defend against incoming threats, including tactical ballistic missiles, cruise missiles and aircraft.
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As the world leader in systems integration and proven Hit-to-Kill technology, Lockheed Martin has fielded and successfully integrated air and missile defense assets in every domain, providing the highest level of integrated fire control across multiple platforms.
Source: Lockheed Martin Corporation
Date: Aug 25, 2021
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