Lockheed Martin (LMT) secures $58.5 million DoD contract for relay control

Investing.com -- Lockheed Martin Corp. (NYSE: LMT) has been awarded a $58.47 million firm-fixed-price contract from the U.S. Department of Defense for relay control element sustainment.

The contract covers sustainment, modification, and modernization of relay control element systems, according to the DoD announcement.

Work on the project will be performed at Lockheed's Herndon, Virginia facility and is scheduled to be completed by July 14, 2030.

The agreement was secured through a sole source acquisition process, meaning Lockheed was the only company considered for the contract.

The DoD has already obligated $5.8 million in fiscal 2025 operations and maintenance appropriations funds at the time of the award.

The Command, Control, Communication and Battle Management Directorate at Hanscom Air Force Base in Massachusetts is serving as the contracting activity for the project, which has been assigned the contract number FA2398-25-C-B001.

You May Also Be Interested In

• Lockheed Martin wins $416M in defense contracts
• Anteris Technologies files prospectus for up to 5.4M shares via warrants
• Rubico Inc (RUBI) files $200M mixed shelf