Wednesday, June 23, 2021

Lockheed Martin Wins $1.5 Billion Missile Testing Contract – Pentagon

Lockheed Martin Space has won a US Navy $1.53 billion modification contract to design, develop, build and integrate equipment for missile flight test demonstrations and fielding, the Department of Defense said in a press release.

“Lockheed Martin Space, Littleton, Colorado, is being awarded a … $1,537,874,213 modification to previously awarded and announced un-priced letter contract modifications to contract for the design, development, build and integration of equipment for missile flight test demonstrations and fielding,” the release said on Thursday.

The Defense Department noted that the total cumulative face value of the contract is $2,826,155,717.

Work on the contract will be performed in Denver, Colorado; Sunnyvale, California; Magna, Utah and in other locations and is expected to be completed by February 25, 2024, the release said.

“Lockheed Martin Missiles and Fire Control, Orlando, Florida, has been awarded a $428,406,732 firm-fixed-price contract, for 400 Lot 19 Joint Air-to-Surface Standoff Missile – Extended Range missiles with containers, training and production preparation,” the first release stated.

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