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Lockheed Martin unveiled a lower-cost Patriot interceptor on July 21, designed to counter drones and other aerial threats, according to reports.
Lockheed Martin unveiled a lower-cost Patriot interceptor on July 21, designed to counter drones and other aerial threats, according to reports.
The cost of interceptors has become a major issue, as expensive missiles are often used against much cheaper drones, which strains stockpiles and budgets.
The report did not give the price, production timeline or performance details of the new interceptor.
For investors and analysts following defence companies, the key questions are whether the new interceptor wins orders and how quickly it can be produced at scale. Company filings and Pentagon contract announcements are the sources to watch.
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