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  • Friday, April 19, 2024

Lockheed Scores Nine-Figure Missile Contract from NGC

Lockheed Martin (NYSE: LMT) claimed a $106 million engineering, manufacturing and development contract from Northrop Grumman (NYSE: NOC) to oversee development of the next-generation Reentry Field Support Equipment (RFSE) for the U.S. Air Force’s Minuteman III Intercontinental Ballistic Missile (ICBM) system.

“This contract represents an important modernization effort for the Air Force’s Minuteman III reentry systems, ” said Les Lyon, director of Air Force Reentry Programs, Lockheed Martin Space Systems Company. “Lockheed Martin is committed to providing the Air Force with the highest-quality hardware and systems engineering in support of the operational ICBM force.”

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