Lockheed Martin Wins $826 Million Missile Contract Modification

MT Newswires Live

9 hours ago

Lockheed Martin (LMT) has been awarded an $825,975,480 modification to a previously awarded contract for Joint Air-to-Surface Standoff Missile and Long Range Anti-Ship Missile Large Lot procurement, the Department of War said Wednesday.

The modification brings the contract's total cumulative face value to $10,480,052,550 from $9,654,077,070, the department said.

Work will be performed in Orlando, Florida, and is expected to be completed by July 31, 2030, according to the statement.

Funding includes fiscal 2024 through 2026 missile and weapons procurement funds, research and development funds, operations and maintenance funds, and Foreign Military Sales funds, all obligated at the time of award.

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