Marillyn Hewson: Lockheed’s Hypersonic Contracts Estimated to Reach Over $3.5B

Marillyn Hewson

Marillyn Hewson, president and CEO of Lockheed Martin (NYSE: LMT) and a 2019 Wash100 winner, said the estimated value of the company’s hypersonic contracts now stands at over $3.5B, Inside Defense reported Tuesday.

Hewson told analysts in an earnings call Tuesday the figure is associated with the company’s selection as a prime contractor for the U.S. Army’s Long Range Hypersonic Weapon integration support contract and its involvement in a Dynetics-led team tapped by the service to work on the Common Hypersonic Glide Body prototype.

She noted that both transactions will be negotiated in the next few months.

Ken Possenriede, chief financial officer at Lockheed, said the company’s hypersonics work is in the development phase and most of its prototype launches are expected to kick off in 2020.

Check Also

NSSA

National Security Space Association Adds Eight New Members to Board

The National Security Space Association has named eight new members to its board of directors. The appointments came a month after NSSA added Lester Lyles, a retired Air Force general, and Stephanie O'Sullivan, former principal deputy director of national intelligence, to the board, the association said Tuesday.

Tom Afferton, Northrop VP, to Moderate Panel During Potomac Officers Club’s Secure IT Modernization in Today’s Environment Virtual Event

Tom Afferton, vice president of civil solutions at Northrop Grumman, will serve as the moderator for the expert panel during Potomac Officers Club’s Secure IT Modernization in Today’s Environment Virtual Event on August 26th.