Lockheed Martin wins $4.76 billion missile production contract

Investing.com -- Lockheed Martin Corp. (NYSE: LMT) has been awarded a $4.76 billion firm-fixed-price contract by the U.S. Department of War for the production of PAC-3 Missile Segment Enhancement missiles.

The contract includes all incidental services, hardware, equipment, technical planning, management, and manufacturing efforts related to the missile production.

Work will be performed across 15 locations, including Huntsville, Alabama; Clearwater, Florida; East Aurora, New York; Rocket Center, West Virginia; Vergennes, Vermont; Hollister, California; Wichita, Kansas; Lake Mary, Florida; Pinellas Park, Florida; Camden, Arkansas; Chelmsford, Massachusetts; Grand Prairie, Texas; Lufkin, Texas; Ocala, Florida; and Archbald, Pennsylvania. The estimated completion date is June 30, 2030.

The contract is funded through fiscal 2026 missile procurement, with $264.96 million from Army funds and $4.50 billion from Foreign Military Sales funds, which were obligated at the time of the award.

The contracting activity is Army Contracting Command, Redstone Arsenal, Alabama, under contract number W31P4Q-26-C-0013.

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