Lockheed Martin Awarded Air Force ICBM Contract

The US Air Force has awarded Lockheed Martin (NYSE: LMT) a $108 million contract for the Mark21A Reentry Vehicle (Mk21A) Technology Maturation and Risk Reduction (TMRR) contract.

The potential value of the contract is estimated at $138 million: $108 million awarded in the three-year contract and $30 million as a potential one-year contract.

"It is essential that Lockheed Martin continue our long-standing ICBM partnership with the Air Force to provide them with advanced solutions. We will continue to demonstrate, through this TMRR, cutting-edge engineering to defeat rogue nation threats," said John Snyder, vice president of Advanced Strategic Programs for Lockheed Martin.