Lockheed Martin Secures $297M Navy Contract for F/A-18 Missiles
Lockheed Martin's Missiles and Fire Control division has been awarded a $244.96 million firm-fixed-price modification by the U.S. Navy to expand production of infrared search and track systems for the F/A-18E/F aircraft under Full Rate Production 2. The contract is part of broader defense spending initiatives, reflecting continued investment in advanced military capabilities amid global security concerns. The deal supports Lockheed Martin's position as a key supplier of missile technology within the U.S. Department of Defense. This award adds to recent contracts for missile systems and underscores growing demand for next-generation air superiority technologies.

Tickers: $LMT
Topics: aerospace defense military_contracts