https://sputnikglobe.com/20230218/lockheed-martin-wins-11bln-deal-to-manage-engineer-navy-missile-systems-1107572644.html

Lockheed Martin Wins $1.1Bln Deal to Manage, Engineer Navy Missile Systems

Sputnik International

Lockheed Martin has won a more than $1.1 billion US Navy modification contract for missile engineering development and systems integration, the Department of Defense announced in a press release.

2023-02-18T11:10+0000

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The contract has options, which if exercised, would increase the value of the contract to $2,222,102,186, the Defense Department noted. Most of the work on the contract will be performed in Denver, Colorado (46.0%), Sunnyvale, California (22.8%) and Magna, Utah (12.5%) over the next four and a half years and is expected to be completed on September 30, 2027, the Defense Department said.

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Lockheed Martin Wins $1.1Bln Deal to Manage, Engineer Navy Missile Systems

11:10 GMT 18.02.2023

© Lockheed Martin (Press Release)Lockheed Martin’s next-generation long-range missile demonstrates precision and reliability in its third consecutive test April 30, following a highly accurate demonstration March 10 and equally successful inaugural flight on Dec. 10, 2019,

Lockheed Martin’s next-generation long-range missile demonstrates precision and reliability in its third consecutive test April 30, following a highly accurate demonstration March 10 and equally successful inaugural flight on Dec. 10, 2019, - Sputnik International, 1920, 18.02.2023

WASHINGTON (Sputnik) - Lockheed Martin has won a more than $1.1 billion US Navy modification contract for missile engineering development and systems integration, the Department of Defense announced in a press release.

"Lockheed Martin Space of Littleton, Colorado was awarded a $1,178,513,393 ...contract modification ...to provide program management, engineering development [and] systems integration ...in support of missile production," the release said on Friday.

The contract has options, which if exercised, would increase the value of the contract to $2,222,102,186, the Defense Department noted.

Most of the work on the contract will be performed in Denver, Colorado (46.0%), Sunnyvale, California (22.8%) and Magna, Utah (12.5%) over the next four and a half years and is expected to be completed on September 30, 2027, the Defense Department said.