LMT - Lockheed Martin secures $220.8M US Army contract

2023-07-20 04:01:31 ET

Lockheed Martin Aculight ( LMT ) was awarded an Other Transaction Authority agreement with a ceiling of ~$220.84M to develop, integrate, manufacture, test, and deliver Indirect Fire Protection Capability-High Energy Laser prototype weapon systems.

Work has an estimated completion date of Oct. 18, 2025.

Fiscal 2023 research, development, test, and evaluation, Army funds in the amount of $154,000,000 were obligated at the time of the award.

Army Rapid Capabilities and Critical Technologies Office is the contracting activity.

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