Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Lockheed wins $4.1 billion battle command system contract from US govt

Published 04/11/2024, 07:24 PM
Updated 04/11/2024, 07:25 PM
© Reuters. FILE PHOTO: Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016.   REUTERS/Kim Kyung-Hoon/File Photo
LMT
-

(Reuters) - Lockheed Martin (NYSE:LMT) said on Thursday it had won a contract worth up to $4.1 billion from the U.S. government's Missile Defense Agency to continue the development of its battle command system.

The contract will aim at developing and upgrading the Command and Control, Battle Management and Communications (C2BMC)-Next system.

The C2BMC is a hardware and software interface for the ballistic missile defense system used by the U.S. defense forces for coordinated responses to emerging threats.

"Part of C2BMC-Next will be enhancing global integration, exploring possibilities of linking this decades-long proven, operationally fielded system with allied nations for the first time," the company said.

The ordering period of the contract is from May 1, 2024 through April 30, 2029, with an option to extend through April 30, 2034.

The defense company added that it will perform the upgradations at a new Huntsville, Alabama facility and Colorado Springs, Colorado.

Latest comments

LM are a bunch of thieves and should be audited.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.