Lockheed Martin Corporation received a $8.4 billion US Army contract revision.

Lockheed Martin Corporation has won a revised US Army contract worth $8.4 billion. The revision raises the contract ceiling and extends the ordering period until the end of the fiscal year 2032. The contract covers the production of the "Joint Air-to-Surface Standoff Missile Increment One" and the procurement and management of "Early Operational Capability" military assets. The total value of the contract is currently approximately $13.3 billion. The related work is expected to be completed by September 30, 2032.