A Leidos (NYSE: LDOS) Dynetics subsidiary has received a potential four-year, $428.3 million contract modification from the U.S. Army to build prototypes of the Common-Hypersonic Glide Body system.
Dynetics Technical Solutions will perform work in Huntsville, Alabama, through July 23, 2027, the Department of Defense said Monday.
Army Contracting Command obligated $43.1 million in research, development, test and evaluation funds for fiscal year 2023.
In 2019, the Army awarded an other transaction agreement to a Dynetics-led team to develop C-HGB prototypes. The industry team includes Lockheed Martin (NYSE: LMT), General Atomics and Raytheon, now known as RTX (NYSE: RTX).
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