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Lockheed Awarded $988M Definitive Contract for Hypersonic Weapon Prototyping Work

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a $988.8M modification to definitize a previous contract action for the development of a hypersonic weapon prototype. The company will support the service branch in critical design review, test and manufacturing readiness efforts under the Air-Launched Rapid Response Weapon program, the Department of Defense said Monday.

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