Lockheed Martin (LMT) Lands A Long-Term Defense Contract Worth Up To $180 Million
Key takeaways
- The award was issued by the Army Contracting Command, with funding and work locations to be determined on a task-order basis throughout the contract period.
- Lockheed Martin Corporation (NYSE:LMT) was founded in 1995 through the merger of Lockheed Corporation and Martin Marietta (tracing its earliest aviation roots to 1912) and is headquartered in Bethesda, Maryland.
- While we acknowledge the potential of LMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
Lockheed Martin (LMT) Lands A Long-Term Defense Contract Worth Up To $180 Million Sajjl Nooranne Mon, June 8, 2026 at 5:43 AM GMT+7 2 min read LMT With 83 hedge fund holders as of Q1 2026, Lockheed Martin Corporation (NYSE:LMT) is among the Top 10 Stocks That Members of Congress Own.
On May 28, Lockheed Martin Corporation (NYSE:LMT) secured a definitized contract action valued at up to $180 million to provide international contractor logistics support services under an indefinite-delivery/indefinite-quantity agreement. The contract supports Foreign Military Sales customers and cooperative agreement partners participating in the High Mobility Artillery Rocket System and Multiple Launch Rocket System programs, with work expected to continue through May 30, 2031. The award was issued by the Army Contracting Command, with funding and work locations to be determined on a task-order basis throughout the contract period.
On the same day, Lockheed Martin Corporation (NYSE:LMT) was awarded a $200.82 million cost-plus-fixed-fee, firm-fixed-price, indefinite-delivery/indefinite-quantity contract to deliver comprehensive support services for the Surface Combat Systems Training Command’s AEGIS training requirements under Foreign Military Sales programs. The agreement covers support for allied nations, including Australia, Canada, Japan, Norway, South Korea, and Spain, encompassing program management, instructor and subject matter expert services, curriculum development, interactive training technologies, and technical documentation. The contract is expected to run through June 2031, with funding to be obligated through individual orders as they are issued, and was awarded by the Naval Air Warfare Center Training Systems Command through a non-competitive procurement process.