Home / Contract Awards / Lockheed Gets $846M Modification on Navy Strike Weapon System Dev’t Contract

Lockheed Gets $846M Modification on Navy Strike Weapon System Dev’t Contract

Lockheed Martin (NYSE: LMT) has received an $846M modification under an un-priced letter contract to design, build and integrate technologies needed for a demonstration of the U.S. Navy’s Intermediate Range Conventional Prompt Strike Weapon System.

The company’s space business will provide large diameter rocket motors, missile body flight articles and support equipment for the system’s flight tests, the Department of Defense said Tuesday.

The Navy will obligate $87M in fiscal 2018 and fiscal 2019 research, development, test and evaluation funds at the time of award.

Work under the modification will take place in Littleton, Colo., through Jan. 1, 2024.

Check Also

Capital One Agrees to Acquire KippsDeSanto & Co.; Bob Kipps, Kevin DeSanto Quoted

Capital One has signed an agreement to acquire KippsDeSanto & Co., an investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies, Capital One announced on Monday

ULA to Support Astrobotic’s Lunar Payload Delivery Mission With NASA; Tory Bruno Quoted

Space robotics technology maker Astrorobotic has partnered with United Launch Alliance to help send a lunar lander to the moon sometime in 2021 using a ULA-built Vulcan Centaur rocket.