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.
Capitol Meridian Partners has closed its second fund at $1.9 billion, exceeding its $1.2 billion target Private equity investment in…
Kratos has secured a $156 million sole-source DOE contract Kratos will deliver mobile C-UAS platforms under Project Solar Shield The…
Brown will steer MANTECH’s pipeline of scalable, commercialized technologies, including dual-use platforms He steps up from chief innovation officer, a…
Michael DeBernardis, a former partner at Hughes Hubbard & Reed, has been chosen as the vice president and chief counsel…
The Air Force has several active contract opportunities to support missions, ranging from missile defense to AI C2 The service…
KBR has outlined Golden Dome capabilities across digital engineering and missile defense Daniel Dant and Jay Lennon will lead KBR’s…
Rocket Lab will fly 12 suborbital launch vehicles from Alaska’s Pacific Spaceport Complex In 2023, the company introduced HASTE for…
Former Nightwing CEO John DeSimone has joined Everfox as chief operating officer DeSimone’s 30-year experience includes leadership roles in Raytheon…
The Coast Guard plans a potential $100 million IT services contract for custom and legacy applications The Stew Sustainment Call…
Spire Global has tapped Eric Mellinger to lead its global commercial organization Mellinger previously worked at MANTECH Mellinger spent 30…
AeroVironment will deliver 82 P550 eVTOL drones to the U.S. Army under a $117.3 million contract The award marks the…
Fitzpatrick will lead RIVA’s digital strategy across service delivery, user experience and human-centered design Since joining RIVA in 2022, he…
You’ve already read all related articles.
VIDEO 
