Lockheed Martin secures $1.47 billion in defense contracts

Investing.com -- Lockheed Martin (NYSE: LMT) has been awarded multiple defense contracts totaling approximately $1.47 billion for various military systems and support services.

The largest award is a $647 million contract modification to Lockheed Martin Space for Trident II (D5) missile production and deployed systems support. The contract includes optional line items that could increase the value to $745.7 million if exercised. This award also benefits a Foreign Military Sale to the United Kingdom, with work expected to be completed by September 30, 2030.

Lockheed Martin's Liverpool, New York facility received a $245.4 million modification for production and support of MK 48 Heavyweight Torpedo components. This contract combines purchases for the U.S. Navy, Royal Australian Navy, and Foreign Military Sales program, with completion expected by September 2027.

The company's Missiles and Fire Control division in Orlando, Florida secured a $233 million contract to procure infrared receivers, inertial measurement units, and processors for Infrared Search and Track Block II systems. The equipment will support both the Navy and Air National Guard, with work scheduled for completion in September 2029.

Lockheed Martin Rotary and Mission Systems in Moorestown, New Jersey was awarded a $131.4 million modification for systems engineering and software integration for the Integrated Combat System across the Navy and Coast Guard surface fleet. This work is expected to be completed by September 2026.

Additional contracts include a $96 million award for H-60 Multi-Mission Helicopter sustainment support, an $87.1 million modification for Next Generation Overhead Persistent Infrared geosynchronous systems, and a $27.9 million modification for space-based infrared system contractor logistics support.

Work on these contracts will be performed across multiple Lockheed Martin facilities throughout the United States, with completion dates ranging from January 2026 to September 2030.

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