Precision Strike Advancement: Lockheed Martin’s $219.7M Contract Modification

Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $219,705,220 modification (P00002) to contract W31P4Q-23-C-0052 for the Precision Strike Missile Early Operational Capability Lot 3 requirement. Work will be performed in Grand Prairie, Texas, with an estimated completion date of March 6, 2026. Fiscal 2023 and 2024 missile procurement, Army funds and fiscal 2023 reimbursable cooperative funds in the amount of $219,705,220 were obligated at the time of the award. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity.