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Navy/USMC

Lockheed Martin Wins New Hypersonic Mod, Raising Total Value To $2.8 Billion

Friday, March 12th, 2021

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Lockheed Martin Wins New Hypersonic Mod, Raising Total Value To $2.8 Billion

Concept art of a hypersonic weapon. (Image: Lockheed Martin)

The Navy awarded Lockheed Martin [LMT] a $1.5 billion modification on March 11 for the joint Army-Navy program to develop a common rocket and hypersonic glide vehicle for both services, raising the total program value to $2.8 billion. This specific modification is for the design, development, build and integration of equipment for missile flight test demonstrations and fielding. This modification award provides for the definitization of previous un-priced letter contract modifications. Work will mostly occur in Denver (32 percent); Sunnyvale,…

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