Lockheed Martin Wins $607.4 Million in Defense Department Contracts
MT Newswires Live
Jul 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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.