Per major news sources, Lockheed Martin Corp. (LMT) recently secured a multi-year contract worth $4.5 billion for its Phased Array Tracking to Intercept of Target Advanced Capability-3 missile from the U.S. Army. Per the terms of the deal, Lockheed will procure 870 Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (“MSE”) missiles and associated hardware.What’s Favoring Lockheed?Global geopolitical and socioeconomic unrest has led both developed and emerging nations to increase the size of t ...