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  • Thursday, April 18, 2024

Lockheed Martin Pens Subcontract with Northrop Grumman

Lockheed Martin (NYSE: LMT) signed a $12.5 million, one-year subcontract from Northrop Grumman (NYSE: NOC) for “refurbishment of reentry vehicle arming and fuzing assemblies for the U.S. Air Force’s Minuteman III Intercontinental Ballistic Missile system.”

As part of the deal, the firm will replace components, refurbish and test the assemblies.  The subcontract includes an option for an additonal year.

“Lockheed Martin is committed to providing the U.S. Air Force Nuclear Weapons Center and the Air Force Global Strike Command user with our reentry systems domain expertise and high-quality engineering in support for the operational ICBM force, ” said Doug Graham, vice president of advanced programs, Strategic and Missile Defense Systems, Lockheed Martin Space Systems Company.

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