LMT · News · 20260909N
Defense Contract Awards
LOCKHEED MARTIN CORP · 2026-09-09 · Importance 58 · Surprise 42 · In source text
Lockheed Martin secured two U.S. Department of Defense contracts totaling $1.08 billion on September 9, 2026. A $826 million modification for the Joint Air-to-Surface Standoff Missile and Long Range Anti-Ship Missile program increased the program’s total value to $10.48 billion. A separate $257.3 million award covers production and support for the MK 48 Heavyweight Torpedo program for the U.S. Navy, Royal Australian Navy, and Foreign Military Sales customers.
Key facts
- LOCKHEED MARTIN CORP secured two defense contracts totaling $1.08 billion from the U.S. Department of Defense. source
- One contract, valued at $826 million, is a modification for the Joint Air-to-Surface Standoff Missile and Long Range Anti-Ship Missile program, increasing its total value to $10.48 billion. source
- The second contract is for $257.3 million, covering production and support for the MK 48 Heavyweight Torpedo program for the U.S. Navy, Royal Australian Navy, and Foreign Military Sales. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +4.6% | LOCKHEED MARTIN CORP secured two defense contracts totaling $1.08 billion from the U.S. Department of Defense. |
| revenue | positive | committed | +3.5% | One contract, valued at $826 million, is a modification for the Joint Air-to-Surface Standoff Missile and Long Range Anti-Ship Missile… |
| revenue | positive | committed | +1.1% | The second contract is for $257.3 million, covering production and support for the MK 48 Heavyweight Torpedo program for the U.S. Navy,… |