LMT - Lockheed Martin bags two Air Force contracts worth ~$750M and $443M

2023-05-19 02:48:43 ET

• Lockheed Martin ( NYSE: LMT ) Missile and Fire Control, Orlando, Florida, was awarded a ~$750.55M firm-fixed-price contract for Lot 21 Joint Air-to-Surface Standoff Missile B-2 missiles with containers, tooling and test equipment, and spares.
• Work is expected to be completed by Aug. 18, 2027.
• This contract involves Foreign Military Sales to Australia.
• The Missile and Fire Control division was awarded another ~$443.76M firm-fixed-price contract for Lot 7 of Long-Range Anti-Ship Missile, spares, Dummy Air Training Missiles and tooling and test equipment.
• Work is expected to be completed by Jan. 18, 2027.
• Both awards are the result of a sole source acquisition.
• Air Force Life Cycle Management Center is the contracting activity for both contracts.

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