• Tuesday, May 30, 2023

Lockheed Receives $1.6B Army Foreign Sales Contract Modification for Patriot Missiles


PatriotMissileThe U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $1.6 billion contract modification to provide Patriot air defense systems, spares and equipment to the armed forces of South Korea, Qatar, Taiwan, United Arab Emirates and Saudi Arabia.

The Defense Department said Thursday the Army obligated $1, 346, 328, 377 in fiscal 2010 and 2015 other procurement funds at the time of award through DoD’s foreign military sales program.

Lockheed’s missiles and fire control unit will perform work at facilities in Texas, Arkansas, Massachusetts, Florida, Alabama and California.

The Army Contracting Command at Redstone Arsenal is the contracting activity and DoD expects contract work to finish by June 30, 2018.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about Contract Awards

Related Articles

Lockheed Unit Wins Potential $643M Contract to Produce Multimissile Launch Hardware for US, Foreign Military Clients Contract Awards

Lockheed Unit Wins Potential $643M Contract to Produce Multimissile Launch Hardware for US, Foreign Military Clients

Lockheed Martin’s (NYSE: LMT) rotary and mission systems unit has won a potential $642.9 million contract to manufacture Vertical Launching System hardware for the U.S. Navy and foreign military customers. The company was granted a base firm-fixed-price and cost-plus-fixed-fee award valued at $194 million to supply customers with MK 41 VLS modules and ancillary hardware,
Stacy Kubicek Appointed Sensors & Global Sustainment VP, GM at Lockheed MFC Executive Moves

Stacy Kubicek Appointed Sensors & Global Sustainment VP, GM at Lockheed MFC

Stacy Kubicek, a nearly two-decade Lockheed Martin (NYSE: LMT) veteran, has been named vice president and general manager of sensors and global sustainment within the company’s missiles and fire control business. Kubicek announced her new position in a LinkedIn post published Monday and joins the MFC group from her prior role as VP and GM
Blue Origin-Led Team to Build 2nd Artemis Lunar Lander Under $3.4B NASA Contract Contract Awards

Blue Origin-Led Team to Build 2nd Artemis Lunar Lander Under $3.4B NASA Contract

Blue Origin has received a potential $3.4 billion contract from NASA to develop a human landing system for the Artemis V lunar mission. The company said Friday it will work with Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA), Astrobotic, Draper and Honeybee Robotics to design, develop, test and demonstrate its Blue Moon lander under the
Become a Registered Reader
Register to enjoy unlimited access to articles, interviews, and invaluable govcon content. You'll also receive our daily briefing straight to your inbox.

This will close in 0 seconds