Lockheed to build low-cost Patriot interceptor using Hit-to-Kill technology - how it works

Lockheed Martin has unveiled a new lower-cost interceptor for the Patriot air defence system, aiming to help the US and its allies counter the growing threat from drones, cruise missiles and ballistic missiles without the high cost of existing interceptors.Announced at the Farnborough International Airshow on Monday, the new PAC-3 Adapted Capability Effector (PAC-3 ACE) will cost less than half the price of the company's current PAC-3 Missile Segment Enhancement (MSE) interceptor, which costs around $4 million per missile, according to US Army budget documents. Lockheed Martin said initial production could begin within 36 months and that the missile will be developed with US and European industry partners.The move comes as militaries seek more affordable ways to replenish air defence stockpiles amid rising global conflicts, while traditional defence contractors face increasing competition from start-ups developing cheaper weapons that can be produced at scale.