Boeing Receives Contract for Additional PAC-3 Seeker Production

Boeing [NYSE: BA] has received a contract from Lockheed Martin Corp. [NYSE: LMT] for additional production of PAC-3 Missile seekers to be manufactured between 2006 and 2007.

This work is in addition to the current contract for 159 seekers and includes the first international sales of Patriot Advanced Capability-3 (PAC-3) Missiles. Terms of the contract will not be disclosed. Lockheed Martin Missiles and Fire Control is the Patriot PAC-3 Missile Segment prime contractor.

"The PAC-3 enhanced Patriot System provides unrivaled, in-theater protection for our military and allies," said Debra Rub, vice president, Boeing Air & Missile Defense Systems. "The PAC-3 missile's lethality against Terminal Missile Defense threats makes it the solution of choice for today and in the future."

The battle-proven PAC-3 Missile is a high velocity, hit-to-kill missile and is the newest addition to the Patriot family of missiles. The seeker detects and tracks the target during the terminal phase of an engagement providing data to the missile's on-board guidance system.

Work on the PAC-3 program at the Boeing Huntsville facility includes production, assembly, integration and testing of the seeker. In El Paso, Texas, Boeing employees produce and test circuit card assemblies. The PAC-3 program office and design engineering functions, located in Anaheim, Calif., have program management and design responsibility for the seeker.

Boeing is the largest aerospace company in Alabama. Today, the workforce of nearly 3,300 employees perform leading edge work on a broad array of key space and defense programs including the Ground-based Midcourse Defense, International Space Station, Delta Launch Vehicles, Avenger, Arrow and PAC-3 Missile.

A unit of The Boeing Company, Boeing Integrated Defense Systems is one of the world's largest space and defense businesses. Headquartered in St. Louis, Boeing Integrated Defense Systems is a $30.5 billion business. It provides network-centric system solutions to its global military, government, and commercial customers. It is a leading provider of intelligence, surveillance and reconnaissance systems; the world's largest military aircraft manufacturer; the world's largest satellite manufacturer and a leading provider of space-based communications; the primary systems integrator for U.S. missile defense and Department of Homeland Security; NASA's largest contractor; and a global leader in sustainment solutions and launch services.

For further information:
Linda James
Boeing Huntsville
office: (256) 461-3101
mobile: (256) 426-4014