Lockheed Books $339M Army OTA to Develop Mid-Range Missile Tech

Lockheed Books $339M Army OTA to Develop Mid-Range Missile Tech
Lockheed Martin

Lockheed Martin (NYSE: LMT) has been awarded a potential $339.3M other transaction agreement to help the U.S. Army develop, integrate and test a ground-launched missile prototype to address a mid-range capability gap found during the service branch's fiscal 2020 strategic fires study.

The Army Rapid Capabilities and Critical Technologies Office initially obligated $58M and expects the project to be complete by Dec. 31, 2023, the Department of Defense said Friday.

In a separate announcement, the service branch noted the MRC prototype will comprise of missiles, a battery operations station and launchers.

The project's goal is to field a system in fiscal 2023 that would reach targets in the range between a short-range precision strike missile and a long-range hypersonic weapon.

The branch added it chose Standard Missile-6 and Tomahawk missile variants being used by the U.S. Navy for inclusion in the initial MRC prototype.

You may also be interested in...


Ben Wenger Named Dedrone Chief Revenue Officer, Mary-Lou Smulders Appointed Chief Marketing Officer

Dedrone has named Ben Wenger, a two-decade enterprise technology sales veteran, as chief revenue officer and appointed Mary-Lou Smulders, strategic adviser at the counter-drone platform maker since February 2020, as chief marketing officer.

D.J. Dart VP

SAIC Promotes DJ Dart as DHS Enterprise VP

D.J. Dart, formerly business development executive for the Department of Homeland Security at Science Applications International Corp. (NYSE: SAIC), has elevated to the role of vice president for DHS enterprise. He joined SAIC through its acquisition of the Unisys Federal business in March 2020.