Lockheed Martin (LMT) has been awarded a $4.29B firm-fixed-price definitization modification to a previously awarded contract for the Joint Air-To-Surface Standoff Missile and Long-Range, Anti-Ship Missile large lot procurement for JASSM Lots 22-26 and LRASM Lots 9-12. This modification brings the total cumulative face value of the contract to $9.49B. Work is expected to be completed by Jan. 31, 2033. The Air Force Life Cycle Management Center is the contracting activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Kopin receives contract increase from Lockheed Martin
- Lockheed Martin’s Financial Turbulence Sparks Legal Showdown
- Lockheed Martin awarded $2.06B Missile Defense Agency contract modification
- Lockheed Martin Issues $2 Billion in Senior Notes
- Firefly Aerospace (FLY) Is Valued at $5.5 Billion Ahead of IPO