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Investing.com -- Lockheed Martin (NYSE:LMT) has been awarded multiple defense contracts totaling more than $1.4 billion for various military systems and support services.
The largest award is a $647 million contract modification for Trident II missile production and deployed systems support. The contract, which includes options that could increase the value to nearly $746 million, also benefits a Foreign Military Sale to the United Kingdom. Work will be performed across multiple U.S. locations with completion expected by September 2030.
Lockheed’s Liverpool, New York facility received a $245 million contract modification for production and support of MK 48 Heavyweight Torpedoes, combining purchases for the U.S. Navy, Royal Australian Navy, and Foreign Military Sales program. This work is scheduled for completion by September 2027.
The company’s Missiles and Fire Control division in Orlando, Florida secured a $233 million contract to produce Infrared Search and Track Block II systems for the Navy and Air National Guard, with work expected to be completed by September 2029.
Additionally, Lockheed Martin Rotary and Mission Systems was awarded a $131 million modification for systems engineering and software integration for the Integrated Combat System across the Navy and Coast Guard surface fleet, with completion expected by September 2026.
The company also received a $96 million contract for H-60 Multi-Mission Helicopter sustainment support, an $87 million modification for Next Generation Overhead Persistent Infrared geosynchronous work, and a $27.8 million modification for space-based infrared system contractor logistics support.
These contracts span multiple divisions of Lockheed Martin with work being performed across various states including Florida, New York, Colorado, New Jersey, and California.
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