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Lockheed Martin awarded $5.28B Army contract

Lockheed Martin was awarded a $5.28B firm-fixed-price contract for Phased Array Tracking Radar to Intercept on Target Advanced Capability-3. Bids were solicited via the internet with one received. Work has an estimated completion date of June 30, 2027. FY24 missile procurement, Army funds and Foreign Military Sales funds in the amount of $5.28B were obligated at the time of the award. Army Contracting Command is the contracting activity.

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