, March 25 -- The Pentagon has reached framework agreements with major defence companies, including BAE Systems, Lockheed Martin, and Honeywell Aerospace, to accelerate production of weapons systems and munitions as part of its shift to a "wartime footing."

Under the agreements, Honeywell Aerospace will "surge production of critical components for America's munitions stockpile" through a $500 million multi-year investment, the Pentagon said, reports Al Jazeera.

BAE Systems and Lockheed Martin will quadruple production of seekers for the Terminal High Altitude Area Defense (THAAD) interceptor, enhancing the U.S.'s missile defense capabilities. Additionally, a new framework agreement with Lockheed will speed up production of its Precision...