Lockheed Martin announces plan for lower-cost Patriot interceptors

Lockheed Martin announced on Monday its plans to produce a new, cheaper Patriot missile interceptor designed to reduce the cost-per-kill while increasing magazine depth for American and European defense.

The new PAC-3 ACE interceptor will be less than half the cost of the current PAC-3 MSE per unit, the company said in its announcement, though […] ...