Lockheed Martin Receives $720.12M Army Contract Modification

Lockheed Martin has been awarded a $720.12M modification to a U.S. Army contract, bringing the total cumulative face value to $1.49B. Work will be performed in Ocala, Florida, with an estimated completion date of Sept. 30, 2028. The modification was awarded by Army Contracting Command, Redstone Arsenal, Alabama.

Lockheed Martin (NYSE: LMT) has been awarded a $720.12M modification to a U.S. Army contract, according to a recent announcement. The modification brings the total cumulative face value of the contract to $1.49B. The work will be executed in Ocala, Florida, with an estimated completion date of September 30, 2028. The Army Contracting Command, based at Redstone Arsenal in Alabama, is the contracting activity [1].

This significant contract modification underscores the ongoing commitment of the U.S. Army to modernize its defense capabilities. The project, which will be carried out in Ocala, Florida, is expected to contribute to the development and enhancement of the Army's technological infrastructure.

Lockheed Martin's award of this substantial contract modification comes amidst a backdrop of increasing defense spending and a growing emphasis on technological innovation in military operations. The company's expertise in defense technology and its history of delivering high-quality products to the U.S. military make it a natural choice for such a significant project.

As of the current date, July 2, 2025, Lockheed Martin's stock has shown resilience, reflecting the market's confidence in the company's ability to execute large-scale contracts and contribute to the nation's defense needs.

References:
[1] https://seekingalpha.com/news/4485074-lockheed-martin-awarded-72012m-modification-to-a-us-army-contract