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Lockheed Martin to Develop Cheaper Missiles for Patriot

American company Lockheed Martin announced the development of a new interceptor missile, PAC-3 Adapted Capability Effector (ACE), which will cost less than half the price of current PAC-3 MSE interceptors. This development aims to provide military forces with a more cost-effective solution to counter drones and missiles. Initial production could start within 36 months.

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