Lockheed Lands $93M Army Contract Modification for Patriot Obsolescence Redesign

PatriotMissileLockheed Martin (NYSE: LMT) has received a $92.7 million contract modification to redesign the Patriot multi-band radio frequency data link for Qatar under a foreign military sales agreement.

The company will perform work in Texas, Arkansas and Arizona through Jan. 30, 2020, the Defense Department said Thursday.

The U.S. Army awarded the modification to Lockheed for the Patriot Advanced Capability-3 and missile segment enhancement multi-band radio frequency data link overhaul.

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