Army Hellfire missile

Lockheed Gets $703M Army Hellfire Missile Contract Modification

Lockheed Martin (NYSE: LMT) will manufacture additional Hellfire air-to-ground missile systems for the U.S. Army under a $702.9M contract modification.

The military service obligated $702.7M at the time of award, the Department of Defense said Wednesday. DoD expects work to conclude by Sept. 30, 2023.

Hellfire guided missiles use semi-active laser technology and operate with multiple aircraft platforms such as the AH-64 Apache helicopter and the MQ-1C Gray Eagle unmanned aerial system.

The company received a $723.5M modification last year to provide Hellfire II variants to domestic and foreign military sales customers.

GovCon Wire Logo

Receive the Daily News Briefing And Events Updates Straight to Your Inbox

Related Articles