The Pentagon announced that, under the agreements, Honeywell Aerospace will “boost production of essential components for America’s munitions stockpile,” as part of a $500 million multi-year investment.
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On March 25, the Pentagon stated that it has established framework agreements with BAE, Lockheed, and Honeywell to increase the production of defense systems and munitions as part of its transition to “wartime footing.”
Under these agreements, Honeywell Aerospace will “boost production of essential components for America’s munitions stockpile,” as part of a $500 million multi-year investment, according to the Pentagon.
Moreover, BAE Systems and Lockheed Martin will also quadruple production of seekers for the Terminal High Altitude Area Defense (THAAD) interceptor, and a newly formed agreement with Lockheed will speed up the production of its Precision Strike Missile, the Pentagon confirmed.
These announcements follow more than three weeks after US President Donald Trump and Israel initiated a war against Iran.
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