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LMT - Lockheed Martin secures $307.1M Army contract
Lockheed Martin Corporation
Lockheed Martin ( NYSE: LMT ) was awarded a $307.1M firm-fixed-price contract for repair and recertification of Phased Array Tracking Radar to Intercept on Target Advanced Capability-3 missiles.
Bids were solicited via the internet with one received. Work will be performed in Grand Prairie, Texas, with an estimated completion date of June 30, 2027.
FY22 Foreign Military Sales funds in the amount of $150.4M were obligated at the time of the award. U.S.
Army Contracting Command is the contracting activity.