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 said.
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The Pentagon said on Wednesday, March 25, it had reached framework agreements with BAE, Lockheed and Honeywell to boost production of defence systems and munitions as part of its shift to “wartime footing.”
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 said.
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, the Pentagon added.
The announcements come more than three weeks after US President Donald Trump and Israel launched a war on Iran.
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