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  • Friday, April 19, 2024

Lockheed Secures $139M Army OTA to Test Long-Range Anti-Tank Missile System

Lockheed Martin (NYSE: LMT) will test a long-range anti-tank missile system for the U.S. Army under a three-year, $138.9 million other transaction agreement.

The OTA also calls for the company to support federation and user operational assessment of the Spike Non Light of Sight weapon, the Department of Defense said Thursday.

Israel-based Rafael Advanced Defense Systems, the Spike NLOS developer, collaborates with Lockheed to offer the missile product to U.S. customers. The system is designed with electro-optical/infrared technology and a rocket motor that works to reach a target at distances up to 20 miles.

Work under the cost-plus-fixed-fee OTA will take place in Orlando, Florida, and Haifa, Israel, through Jan. 30, 2025. The Army obligated $25 million in fiscal 2021 aircraft procurement funds at the time of award.

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