The Missile Defense Agency has extended Raytheon’s contract to operate and maintain the U.S. military’s AN/TPY-2 missile defense radars for two more years, adding $394 million to the deal and lifting its ceiling to nearly $3 billion, the Department of War announced. The sole-source modification raises the maximum value of the contract from about $2.6 […]

Lockheed Martin plans to create 6,000 jobs across the United States, including 2,000 in Texas, as it expands munitions production. At the center of the plan is a $300 million expansion of its Grand Prairie missile parts plant, where defense manufacturing startup Hadrian will install an automated machining cell. The company announced the plan on […]