Lockheed Martin wins $216 million in new defense contracts

Investing.com - Lockheed Martin Corp. (NYSE: LMT) has secured three new defense contracts from the U.S. Department of War totaling approximately $205.5 million, the Department of War announced.

Lockheed Martin Rotary Mission Systems in Stratford, Connecticut, received a $126,946,760 modification to an existing contract for initial spare parts for HH-60W Lot Five helicopters. The modification definitizes an undefinitized contract action and adjusts the total cumulative contract value to $6,436,655,078 from $6,455,719,950. Work will be performed in Stratford, Connecticut, with completion expected by March 18, 2030.

Lockheed Martin Rotary and Mission Systems in Liverpool, New York, was awarded an $11,826,317 modification on June 16, 2026, for the Three-Dimensional Expeditionary Long-Range Radar program, including interim contractor support and additional spares. The modification brings the total cumulative contract value to $592,949,700 from $581,123,383, with work expected to be completed by May 16, 2028.

Lockheed Martin Corp. in Orlando, Florida, received a $66,759,431 undefinitized contract action for the AH-64 Apache Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor performance-based logistics program. The contract covers obsolescence, replacement configurations, and redesigns for the AH-64 Apache Attack Helicopter, with work to be completed by Dec. 31, 2026.

The awards follow Lockheed Martin's announcement of a $35 billion THAAD Seven-Year Procurement Award, which was later confirmed by the Department of War.

You May Also Be Interested In

• Alphabet Sees FY26 Capex $195B To $205B, Saw $180B To $190B
• MindWalk (HYFT) Misses Q4 EPS by 8c
• Signature Resources clarifies private placement terms, raises $609,000