Sky's The Limit: Boeing To Ramp Up PAC-3 Seeker Output With Major Factory Expansion

Boeing Co (NYSE: BA) is planning a 35,000-square-foot expansion of its Huntsville factory that produces the Patriot Advanced Capability-3 (PAC-3) seeker.

The expansion is expected to increase Boeing's annual PAC-3 seeker production by more than 30%.

Seeker provides guidance data to the PAC-3 interceptor used by the Patriot surface-to-air defense system, enabling it to identify, track and intercept advanced air and missile threats. Boeing recently delivered the 5,000th PAC-3 seeker.

"The PAC-3 seeker is a critical air and missile defense capability, and this site expansion will allow us to significantly ramp up production to support the U.S. military, allies and international partners who rely on it," said Debbie Barnett, vice president of Strategic Missile & Defense Systems and Boeing Huntsville site leader.

Since 2010, Boeing has invested more than $100 million to improve its Huntsville facilities in support of the PAC-3 program. 

Boeing has also produced PAC-3 seekers as a subcontractor to Lockheed Martin Corp (NYSE: LMT) for more than 20 years.

Since 2021, Boeing has been awarded more than $2 billion in contracts for seeker production. The expanded facility is expected to be operational in early 2027.

Price Action: BA shares are trading higher by 0.32% at $205.20 in premarket on the last check Tuesday.

Photo Via Company