Lockheed Martin CEO Jim Takellet said at Morgan Stanley's annual investor conference in Laguna Beach, California on Thursday that the company's plans to more than triple the production of much-needed Patriot missiles are progressing ahead of schedule. “We will manufacture 2,000 next year.” He said that international demand is remarkable. The US government is allocating delivery targets through foreign arms sales, and the factory's additional production capacity can be absorbed by all demand. Lockheed Martin earlier this year promised to produce more than 2,000 Patriot missiles by the end of 2030; however, assembling the missiles is only one part of the testing, certification, and delivery process, which could take more than two years from contract to delivery.

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