Sep. 15 at 12:49 AM
Lockheed Martin was awarded three U.S. Department of War defense contracts totaling more than
$1.32 billion, strengthening its position across precision-strike and missile programs. The largest, worth
$1.21 billion, covers Initial Operational Capability for the Precision Strike Missile Increment 2, with completion scheduled for September 13, 2031. The contract is being managed by the Army Contracting Command at Redstone Arsenal, Alabama.
Lockheed Martin’s Grand Prairie, Texas, facility also received a
$97.6 million contract for recapitalization of the Multiple Launch Rocket System. Work will be performed in Camden, Arkansas, and Grand Prairie and New Boston, Texas, with completion expected by September 4, 2031. The Army fully obligated FY2025 missile procurement funds for the award.
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