Lockheed Martin Wins $607.4 Million in Defense Department Contracts

MT Newswires Live
07/08

Lockheed Martin (LMT) won $607.4 million in contracts from the US Department of Defense, the agency said Tuesday.

The company secured a $502.4 million Army contract for post-production support on targeting and night-vision systems used on AH-64 helicopters. The contract has an estimated completion date of July 5, 2031.

Lockheed Martin also won an Air Force order worth up to $105 million for upgrades to the Global Positioning System's ground control segment for the next generation of GPS III follow-on satellites. Work will be done in Colorado Springs, Colorado, and is expected to be completed by Dec. 31, 2030.

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