Lockheed Martin introduced a new, cheaper interceptor for the Patriot air defence system. This PAC-3 ACE missile costs less than half of current options.

It aims to help allies counter growing drone and missile threats affordably. Initial production could begin within thirty-six months with industry partners.

This development addresses rising global conflicts and competition from new weapon makers.

This story was reported by The Times of India. Read the full coverage at The Times of India.