Lockheed Martin (LMT) has been awarded a not-to-exceed $1.93B firm-fixed-price, undefinitized contract action modification to a previously awarded contract for joint air to surface standoff missile production Lot 23 and long-range anti-ship missile production Lot Nine, as well as economic order quantity for JASSM Lot 24 and LRASM Lot 10. The modification brings the total cumulative face value of the contract to $5.18B. Work will be performed in Orlando, Florida, and is expected to be completed by July 31, 2029. Air Force Life Cycle Management Center is the contracting activity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- The Array of Problems in Boeing’s (NYSE:BA) Air Force One
- Lockheed Martin price target raised to $476 from $468 at Wells Fargo
- Lockheed Martin awarded $265.96M Air Force contract action
- Citi believes it is time to buy defense stocks
- Apple (AAPL) Is the Best Technology Stock to Own in a Trade War, Says Evercore ISI
Questions or Comments about the article? Write to editor@tipranks.com