Lockheed Martin was awarded a $219.71M modification to a contract for the Precision Strike Missile Early Operational Capability Lot 3 requirement. Work will be performed in Grand Prairie, Texas, with an estimated completion date of March 6, 2026. FY23 and FY24 missile procurement, Army funds and fiscal 2023 reimbursable cooperative funds in the amount of $219.71M were obligated at the time of the award. Army Contracting Command is the contracting activity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on LMT:
- Terran Orbital unlikely to accept Lockheed bid, says H.C. Wainwright
- Terran Orbital adopts rights plan following Lockheed Martin proposal
- Trump vs. Biden: Which Stocks to Choose for Each Election Outcome
- Stifel views Lockheed’s Terran Orbital bid value as low
- Lockheed Martin awarded $109.25M Navy contract