The war in Iran has demonstrated the need for a significant increase in the production of missile interceptors, as well as the continued development of newer and cheaper alternatives.

One of the military’s most-used air defense interceptors is Lockheed Martin’s PAC-3 MSE, each of which costs between $3 million and $4 million. Lockheed Martin unveiled its new PAC-3 Edge missile on Monday, which Paula Hartley, a company executive, told reporters at the Association of the United States Army annual convention in Washington, D.C., “is our solution to the future interceptor competition right now.”