VALLEY FORGE, Pa., Oct. 23, 2019 /PRNewswire/ -- 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.
Lockheed Martin will work closely with the Air Force and the
National Nuclear Security Administration to provide a technically
low risk and affordable solution to modify existing Mk21 reentry
vehicles with the capability to deliver the W87-1 Warhead for the
Ground Based Strategic Deterrent Weapon System.
The Mk21A TMRR contract is a key element of Lockheed Martin's
strategy to remain the Air Force's trusted partner for ICBM Reentry
Systems and modernization of the deterrent triad.
For additional information, visit our website:
www.lockheedmartin.com/icbm
About Lockheed Martin
Headquartered in Bethesda,
Maryland, Lockheed Martin is a global security and aerospace
company that employs approximately 105,000 people worldwide and is
principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/lockheed-martin-awarded-air-force-icbm-contract-300942986.html
SOURCE Lockheed Martin