Hewson told analysts in an earnings call Tuesday the figure is associated with the company™s selection as a prime contractor for the U.S. Army™s Long Range Hypersonic Weapon integration support contract and its involvement in a Dynetics-led team tapped by the service to work on the Common Hypersonic Glide Body prototype.
She noted that both transactions will be negotiated in the next few months.
Ken Possenriede, chief financial officer at Lockheed, said the company™s hypersonics work is in the development phase and most of its prototype launches are expected to kick off in 2020.
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
