Lockheed Martin (LMT) has been awarded $453.96M modification to a previously awarded contract for the Mk21A Reentry Vehicle. The modification brings the total cumulative face value of the contract to $1.48B from $1.03B. Work will be performed at King of Prussia, Pennsylvania and is expected to be completed by September 29, 2032. No funds are being obligated at time of award. The Air Force Nuclear Weapons Center is the contracting activity.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- LMT,BA,NOC,GD: Norwegian Wealth Fund Set to Tear up Ethical Rules and Invest in Defense
- U.S. Defense Stocks Rise as Gaza and Ukraine Wars Boost Global Arms Demand
- Lockheed Martin (LMT) Soars on Geopolitical Tailwinds and Record F-35 Deliveries
- Pinterest downgraded, Tractor Supply upgraded: Wall Street’s top analyst calls
- Lockheed Martin (LMT) and PsiQuantum Strengthen Ties to Advance Quantum Computing for Defense
