Lockheed Martin (NYSE: LMT) has been selected by U.S. Space Force Space Systems Command to develop capabilities for the Space-Based Interceptor program, according to a company statement.

The contracts will support development, testing and integration of space-based interceptor capabilities designed to provide an early engagement layer for homeland missile defense. The system aims to expand coverage and enhance survivability against missile threats.

Lockheed Martin's approach builds on existing interceptor technologies including THAAD and PAC-3 systems, as well as the Next Generation Interceptor program. The company also draws on experience with hypersonic strike systems and missile warning and tracking systems.

"We're investing in technology and infrastructure, while bringing together the strength of the full industrial base, to deliver advanced capabilities like SBI faster and are committed to delivering an integrated demonstration by 2028," said Robert Lightfoot, Lockheed Martin Space president.

The Space-Based Interceptor program represents part of a layered missile defense approach to protect critical infrastructure from evolving missile threats. The system would add an additional defensive layer to existing multi-domain missile defense capabilities.

The contracts mark progress toward fielding core elements of an integrated homeland defense solution, though specific contract values were not disclosed in the announcement.