Lockheed Martin PAC-3: $53,859,843,289 Announced, $4.761 B Obligated So Far

On July 30, 2026, the Department of War contracts list said: "Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $53,859,843,289 firm-fixed-price modification (P00002) to contract W31P4Q-26-C-0013 for the PATRIOT Advanced Capability-3 (PAC-3) Production program, converting the current one-year undefinitized contract action into a seven-year multiyear procurement to increase the not-to-exceed ceiling" "The modification brings the total cumulative face value of the contract to $58,620,843,289." "No funds were obligated at the time of the award." The list says it was awarded July 29, 2026. The contracting activity is Army Contracting Command, Redstone Arsenal, Alabama. The modification ceiling and the cumulative face value are separate announced figures and are not added. The no-funds sentence is obligated at award, not the reported total. Completion is estimated for March 31, 2035.

The matched award is CONT_AWD_W31P4Q26C0013_9700_-NONE-_-NONE-. It reports $4,761,000,000 obligated, 3 actions, 2026-04-09 to 2026-05-22: $4,496,040,000 and $264,960,000 on April 9 (modification 0) and $0 on May 22 (P00001). No child order uses this PIID. P00002 is not in the file.

potential_value_usd is $54,124,812,000. current_value_usd is $264,960,000, the same dollars as one April action, labelled here as a serving field and not as a second obligation. Neither equals the announced figures. A live USAspending read on 2026-10-24 showed total obligation and base and all options of $4,761,000,000, type D, "DEFINITIVE CONTRACT". The live options field is not substituted for the serving potential value.

Serving office W31P4Q is named "W6QK ACC-RSA". The announcement names Army Contracting Command, Redstone Arsenal, Alabama.

Definitive contract (is_idv false, type D). Not an IDIQ, a pooled ceiling, or an OTA. One company. promotion_rules is size, reviewed. Owner Lockheed Martin, basis direct.

Whether P00002, awarded July 29, posts. Until it does, reported obligations stay $4,761,000,000. The cumulative announced face value is not spending.

DoD contract actions appear about 90 days late, so "obligated so far" means "reported so far." A July 29 action can be missing from a file whose newest action on this contract is May 22 and whose source date is October 6.

Serving generation 20261023T015323Z, source data as of 2026-10-06, loaded 2026-10-23 00:06 Pacific, public build 89 at 2026-10-23 21:16 Pacific: 4,057,578 promoted awards and 12,424,350 actions, DoD, DHS, DOE, and NASA, FY2008–FY2027, including negative and zero actions. Every IDV is promoted. A definitive contract is promoted at $100,000 of gross positive obligations. The newest action date, including agency 097, is 2026-10-02, and that is not a complete file through that day. Flood insurance (CFDA 97.022), DHS disaster assistance, and non-research assistance are separate lines and are not in this award. This contract is in the baseline. Gross positive obligations of $4,761,000,000 are above the $100,000 line, and the row is also marked reviewed. This note states no requested amount and no enacted amount. The dollars it does state are an announced ceiling or an obligation, and those two are not added.

Award page: /federal-awards/CONT_AWD_W31P4Q26C0013_9700_-NONE-_-NONE-. USAspending: the same award id. Company profile: Lockheed Martin, the serving owner, basis direct. Related program pages, which do not list this PIID: Patriot and PAC-3 MSE.