The Pentagon says it has reached framework agreements with BAE, Lockheed and Honeywell to boost production of defence systems and munitions as part of its shift to “wartime footing”, Reuters reports.
Under the deals, Honeywell Aerospace will “surge production of critical components for America’s munitions stockpile,” as part of a $500 million multi-year investment, the Pentagon says.
BAE Systems and Lockheed Martin will also quadruple production of seekers for the Terminal High Altitude Area Defence (THAAD) interceptor, while a new framework agreement with Lockheed will accelerate production of its Precision Strike Missile, it adds.
