U.S. Army Awards Lockheed Martin $756 Million contract

The U.S. Army awarded Lockheed Martin [NYSE: LMT] a $756 million contract to deliver additional capability for the nation’s ground-based hypersonic weapon system, the Long Range Hypersonic Weapon (LRHW). 

Under the new contract, Lockheed Martin will provide additional LRHW battery equipment, systems and software engineering support, and logistics solutions to the Army.

LRHW will introduce a new class of ultrafast and manoeuvrable long-range hypersonic missiles with the ability to launch from ground mobile platforms. The LRHW weapon system is designed to launch the common hypersonic All Up Round (AUR) – provided by the U.S. Navy-managed Conventional Prompt Strike (CPS) program – and includes the Army canister, a battery operations centre, and transporter erector launchers.

“Lockheed Martin is proud to continue our strong partnership with the U.S. government for hypersonic strike capability,” said Steve Layne, vice president of Hypersonic Strike Weapon Systems at Lockheed Martin. “With this contract, we will support the U.S. Army to sustain the Long-Range Hypersonic Weapon System currently in the hands of U.S. soldiers, produce additional batteries for future fielding, and support flight testing.”

Lockheed Martin delivered equipment for the first LRHW battery, referred to as Dark Eagle, to U.S. soldiers in 2021. The company will continue to support the U.S. Army to meet this critical national security need.

The company has been developing highly advanced hypersonic technology for the last 60 years as part of Lockheed Martin’s 21st Century Security® vision in support of our customers.