US Army Plans Quadruple Patriot Missile Purchases Fiscal 2026

The U.S. Army plans to invest over $1.3 billion in fiscal year 2026 to purchase advanced Patriot missile interceptors, significantly increasing its procurement target from 3,376 to 13,773 units amid rising security threats from Iran, Russia, and China. This expansion addresses a critical shortfall, as current stockpiles meet only 25% of military requirements, and follows Pentagon assessments and real-world demand, including recent ballistic missile threats. Funding for the upcoming purchases includes $945.9 million from the base budget, $366 million through congressional reconciliation authority, and additional funds from Operation Atlantic Resolve. Lockheed Martin, the exclusive manufacturer of PAC-3 MSE missiles, stands to benefit from increased orders, with analysts projecting a notable rise in its stock price and maintaining an 'Outperform' rating. The PAC-3 MSE interceptors, costing nearly $3.9 million each, are essential for intercepting tactical ballistic missiles, drones, and aircraft, and are vital for U.S. forces globally, including support for Ukraine amid Russian aerial assaults. Despite private commitments from President Trump to supply some interceptors to Ukraine, Kyiv continues to urge expedited deliveries as the conflict intensifies.