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LMT - Lockheed Martin bags $2.45B Army contract modification
Lockheed Martin Corporation
2023-04-24 01:03:42 ET
Lockheed Martin ( NYSE: LMT ) was awarded a $2.45B modification to a contract for Phased Array Tracking Radar Intercept on Target, or PATRIOT, Advanced Capability-3 missile production.
Work will be performed in Grand Prairie, Texas, with an estimated completion date of December 31, 2029.
FY23 missile procurement, Army funds; and 2023 Foreign Military Sales funds in the amount of $2.45B were obligated at the time of the award.
U.S. Army Contracting Command is the contracting activity.