Lockheed to Supply Missile Interceptors to Foreign Military Clients Under $1B Contract Modification


lockheed martinLockheed Martin (NYSE: LMT) has received a $1.09 billion contract modification from the U.S. Army to produce air and missile defense interceptors for foreign military customers.

The company will build Patriot Advanced Capability-3 air defense missiles for Korea, Saudi Arabia and Qatar under a foreign military sales contract with the U.S. government, the Defense Department said Monday.

Lockheed will perform work in Texas, Arkansas, Massachusetts, Florida, Alabama and California through June 30, 2019.

PAC-3 is a high-velocity interceptor designed to destroy tactical ballistic missiles, cruise missiles and aircraft.

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

The Ultimate Guide to Winning Government Contracts Let us show you how top executives are winning so you can replicate it