$4.94B Contract for Precision Strike Missiles Awarded to Lockheed Martin

Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $4,937,045,400 firm-fixed-price contract for the Precision Strike Missiles Increment One. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of March 30, 2030. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity (W31P4Q-25-D-0010).