Lockheed Receives $534M Navy Contract Modification for Hypersonic Missile Development Work

Lockheed Martin (NYSE: LMT) has secured a potential one-year, $534 million contract modification from the U.S. Navy to provide systems engineering, development and testing support services for the Conventional Prompt Strike program. The Department of Defense said Wednesday the cost-plus-incentive-fee contract modification includes an optional line item that could bring the contract’s value to $570

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