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home / news releases / LMT - Lockheed Martin bags $130M Air Force modification contract

LMT - Lockheed Martin bags $130M Air Force modification contract

Lockheed Martin Corporation
Lockheed Martin Missiles and Fire Control (LMT) has been awarded a $130.53M contract modification (P00032) to previously awarded contract FA8210-17-C-0001 for the Advanced Radar Threat System – Variant 2 (ARTS-V2). The contract modification is to provide for the exercise of Options Three and Four for an additional quantity of eight ARTS-V2 systems being produced under the basic contract. Work will be performed in Grand Prairie, Texas, and is expected to be completed by June 16, 2024. The total cumulative face value of the contract is $589.81M. Air Force Life Cycle Management Center is the contracting activity.

For further details see:

Lockheed Martin bags $130M Air Force modification contract
Stock Information
Company Name: Lockheed Martin Corporation
Stock Symbol: LMT
Market: NYSE
Website: lockheedmartin.com
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