Part 3: Trading Cups and Shoulders
Nov 14, 2023
U.S. and Switzerland Sign Agreement for PAC-3 MSE MissileBern, Switzerland, Oct. 31, 2023 – U.S. and Switzerland officials formalized an agreement for Switzerland to purchase Lockheed Martin’s (NYSE:LMT) Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE)missiles and related support equipment. With this agreement, Switzerland becomes PAC-3’s 15th partner nation. Lockheed Martin and armasuisse also finalized the Offset Agreement supporting the PAC-3 MSE program. The PAC-3 MSE expands the battlespace with a dual-pulse solid rocket motor, providing increased performance in altitude and range. About Lockheed MartinHeadquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
