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.
For further details see:
Lockheed Martin bags $2.45B Army contract modification