WASHINGTON – The Defense Department announced Wednesday it has finalized agreements with three major defense contractors to significantly increase weapons and ammunition manufacturing as the military adopts what officials describe as a “wartime footing.”
The agreements involve BAE Systems, Lockheed Martin, and Honeywell, with the Pentagon stating that Honeywell Aerospace will dramatically increase manufacturing of essential components for the nation’s ammunition reserves through a $500 million investment spanning multiple years.
Additionally, BAE Systems and Lockheed Martin have committed to increasing production of guidance systems for the Terminal High Altitude Area Defense interceptor by four times current levels. A separate agreement with Lockheed Martin will speed up manufacturing of the company’s Precision Strike Missile system, according to Pentagon officials.
These production increases were announced more than three weeks following the start of military operations against Iran by the United States and Israel under President Donald Trump’s direction.
