Lockheed Martin wins $607M in defense contracts

Investing.com - Lockheed Martin Corp. (NYSE: LMT) secured two defense contracts totaling more than $607 million from the U.S. Department of War Tuesday.

The company's Orlando, Florida facility was awarded a $502,381,686 contract for post-production support services for the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sight systems for AH-64 aircraft. The cost-no-fee, cost-plus-fixed-fee, firm-fixed-price contract has an estimated completion date of July 5, 2031. Army Contracting Command, Redstone Arsenal, Alabama, solicited one bid and received one response.

Lockheed Martin Services LLC in Colorado Springs, Colorado, received a separate $105,000,000 maximum firm-fixed-price task order for Global Positioning System modifications. The contract provides GPS control segment modifications to deliver command and control capability for the next generation of GPS III follow-on space vehicles.

Work on the GPS contract will be performed in Colorado Springs, Colorado, with an expected completion date of Dec. 31, 2030. Space Systems Command, Peterson Space Force Base, Colorado Springs, Colorado, awarded the sole source acquisition. Fiscal 2026 research, development, test, and evaluation funds totaling $10,068,764 are being obligated at time of award.

Work locations and funding for the AH-64 support contract will be determined with each order under contracting activity W58RGZ-26-D-0052.

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