Army Issues $723M Modification on Lockheed Hellfire II Missile Contract

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $723.5M contract modification to provide multiple variants of the Hellfire II missile system.

Lockheed will deliver missiles to domestic and foreign military sales customers that include Lebanon, Netherlands and France, the Department of Defense said Thursday.

Hellfire II uses a semi-active laser guidance technology and performs air-to-ground strike missions with the Army platforms such as the AH-64 Apache, OH-58 Kiowa Warrior and MQ-1C Gray Eagle.

The company will perform contract work in Orlando through Sept. 30, 2022, and receive the full amount of the modification at the time of award.

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