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Lockheed Martin Gets $318M Army Hellfire II Missile Contract Modification

lockheed martinLockheed Martin (NYSE: LMT) has received a $318.3 million contract modification to produce Hellfire II missile hardware and components for the U.S. Army, Air Force and foreign military sales clients.

The Defense Department said Monday Lockheed will supply Hellfire II missile systems to Egypt, Korea, India, Indonesia, Iraq, Pakistan, Saudi Arabia and Tunisia.

Lockheed will manufacture the Hellfire II components in Orlando and Ocala in Florida and Troy in Alabama through Oct. 31, 2018.

The Army awarded the initial contract for Hellfire II missiles in containers to the company in September.

The Hellfire missiles serve as the weapon system for the Army’s Apache and Kiowa Warrior helicopters and comprise various guidance systems, warhead configurations, trajectories, firing modes and designation methods.

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