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Business/Financial

MDA Awards Lockheed $80.6 Million For Modified Ballistic Re-Entry Vehicles

By Matthew Beinart

Thursday, March 8th, 2018

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Lockheed Martin [LMT] has received an $80.6 million contract from the Missile Defense Agency for modified ballistic re-entry vehicles and separation modules for missile defense tests, the company said Thursday.Under the deal, announced Lockheed Martin will develop unarmed re-entry vehicles for use with target missiles through 2022."The re-entry vehicle is essentially the bullseye for an interceptor missile, and it is also one of the most complex parts of the target. In today's environment, it's incredibly important to test against threat-representative…

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