Lockheed Martin Gets $4.94 Billion U.S. Army Missile Contract

Dow Jones

03-29

By Sabela Ojea

Lockheed Martin has been awarded a $4.94 billion contract from the U.S. Army for its precision strike missiles.

The U.S. Department of Defense on Friday said that work locations and funding will be determined with each order, with an estimated completion date of March 30, 2030.

The Reston, Va., defense contractor's precision strike missiles Increment One are long-range precision-strike missiles designed for the U.S. Army.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

March 28, 2025 18:20 ET (22:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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