The Defense Advanced Research Projects Agency (DARPA) awarded the first contract under the Long Range Anti-Ship Missile (LRASM) program to Lockheed Martin. Lockheed Martin Corp will receive $10 million for the initial nine-month phase of the missile demonstration project, and an additional award is expected. The joint DARPA/U.S. Navy LRASM program will provide Navy surface forces with leap-ahead anti-surface warfare capability to engage critical targets at extended ranges. The LRASM concept is consistent with DARPA’s mission to prevent technological surprise and designed to reduce dependence on precision intelligence, surveillance and reconnaissance, data links, and GPS by demonstrating advanced onboard sensing and processing capabilities.
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a potential two-year, $87.5M contract to help transition a worldwide logistics information system for F-35 aircraft into a cloud-based integrated network.
Boeing Gets $150M MDA Contract Modification for Additional Updated Missile Interceptor Boost Vehicles
Boeing (NYSE: BA) has been awarded a three-year, $150M contract modification to provide an additional four configuration 2 boost vehicles for the Missile Defense Agency's Ground-based Midcourse Defense system.