Business News & Economy – Page 12213 – FinSiddhi

US to boost Patriot and THAAD interceptor production as missile stockpiles come under pressure

Amid increasing global security concerns, the US defense department is taking decisive action by expanding missile interceptor production. The newly established framework agreements will lead to a threefold increase in Patriot output and a fourfold rise in THAAD interceptors. This proactive measure aims to refill depleted inventory after recent conflicts, reinforcing the critical layers of…