Lockheed Martin (NYSE: LMT) has booked a potential $2.45 billion contract modification from the U.S. Army to produce guided air and missile defense systems.
The aerospace and defense contractor will manufacture the Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles at its facility in Grand Prairie, Texas, through the end of December 2029, the Department of Defense said Friday.
Army Contracting Command is obligating the full contract amount using fiscal 2023 missile procurement and foreign military sales funds.
In September, Lockheed received a $273 million contract modification for PATRIOT Advanced Capability-3 missile production support.
The PAC-3 system comes with a hit-to-kill capability designed to protect ground forces and critical assets from cruise missiles, advanecd aircraft and tactical ballistic missiles.
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General Atomics Electromagnetic Systems has named Mike Rucker as vice president of the weapons programs division. In his new role,…
The U.S. Army has awarded General Motors subsidiary GM Defense an $18.8 million firm-fixed-price contract to supply Infantry Squad Vehicles, or ISVs,…
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SentinelOne has appointed Sonalee Parekh, a veteran finance executive in the software and technology sector, as chief financial officer, effective…
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SES reported $2.94 billion in revenue for fiscal year 2025, reflecting the first year of financial consolidation following its acquisition…
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