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Pentagon boosts Patriot, THAAD interceptor output amid stockpile strain

The US Department of Defense has signed multiyear agreements with Lockheed Martin and Northrop Grumman to sharply increase production of Patriot and THAAD interceptor missiles, responding to depleted stockpiles amid conflicts with Iran and support to Ukraine. The deals, valued at over $58 billion for Lockheed and $3 billion for Northrop, aim to triple Patriot and quadruple THAAD output, though production increases are expected by 2027-2028.

3 outlets · 3 articles Aug 3

Iran in talks with Oman over shipping route but not US, says Tehran

Iran's foreign minister says negotiations with Oman over a new shipping route through the Strait of Hormuz are in their final stages, while Tehran insists the waterway will not revert to its pre-war status. A proposed Omani-Iranian joint company could manage maritime services under one plan. The US has not been part of these talks, which are seen as a precondition to broader agreements under the June ceasefire memorandum.

2 outlets · 2 articles Aug 3