Lockheed Martin (LMT) was awarded a $720.12M modification to a contract for production year four of HELLFIRE/JAGM missiles. The modification brings the total cumulative face value of the contract to $1.49B. Work will be performed in Ocala, Florida, with an estimated completion date of Sept. 30, 2028. Fiscal 2025 missile procurement, Army funds in the amount of $720.12M were obligated at the time of the award. Army Contracting Command 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:
- Lockheed Martin expands industrial collaboration package for the Philippines
- Private Markets: Canva draws attention as IPO candidate following Figma debut
- Canada Expected to Stick with Lockheed Martin’s (LMT) F-35 Fighter Jet
- Firefly Aerospace Stock (FLY) Jumps 55% in Market Debut
- China limits supply of critical minerals to Western defense companies, WSJ says