# Lockheed expected to fund $423 million of Future Interceptor development, DefenseScoop reports DefenseScoop reports the Army selected Lockheed Martin for Future Interceptor development, with the government expected to provide about $660 million. Published 2026-10-30 by TGOs. Canonical: https://tgos.io/news/2026/10/30/lockheed-expected-to-fund-423-million-of-future-interceptor/ Lockheed Martin is expected to contribute $423 million to the Army’s Future Interceptor project under an agreement announced Oct. 29, DefenseScoop reported.[1] The government would provide about $660 million under the cost-sharing arrangement, with total project value estimated to exceed $1 billion, according to an Army release cited by the outlet.[1] The Army selected Lockheed to further develop a new missile interceptor through an Other Transaction agreement.[1] The work covers prototype development and testing and evaluation to assess performance against established operational requirements.[1] Lockheed previously offered its PAC-3 Edge system for the program.[1] Lockheed planned to begin testing in 2027, with the aim of having it ready for deployment by 2031.[1] The company describes PAC-3 Edge as designed to integrate with the Integrated Battle Command System, the M903 launcher, containerized launchers and HIMARS Flex.[1] ## Why it matters Production remains a later decision.[1] DefenseScoop reports that the Army release identifies how the prototype performs, operational requirements, available resources and applicable acquisition processes as factors in future development and production decisions.[1] ## Sources 1. DefenseScoop: Army selects Lockheed Martin for billion-dollar Future Interceptor program