Lockheed wins $755 million contract for PAC-3 missiles: Pentagon
The contract runs through July 31, 2015, the Defense Department said in its daily digest of major arms contracts.
Lockheed describes the PAC-3 missile as the world's most advanced and powerful terminal air defense missile, which can be used against tactical ballistic missiles, cruise missile and aircraft. The missile defeats targets through a direct hit.
(Reporting by Andrea Shalal-Esa; Editing by Leslie Gevirtz)