Lockheed Martin announced the multi-year deal, which could have a value of more than $4 billion, on Monday.
The United States Army awarded defense contractor Lockheed Martin a multiple-year deal to ramp up the production of Hellfire missiles, the company announced Monday.
The contract will provide Lockheed Martin with $439 million this year to produce more Hellfire missiles, alongside Joint-Air-to-Ground Missiles , and could be extended in the coming years, with a potential value of up to $4.5 billion, Lockheed Martin announced in a press release. The announcement comes amid rising tensions between the United States and several adversaries. Relations with Russia remain tense amid the Ukraine invasion, as the U.S. has provided weaponry to Kyiv's military. Meanwhile, the U.S.
Above, an image shows a Hellfire missile in the weapons bay of a US Air Force Predator drone aircraft in Kandahar, Afghanistan. The United States Army is awarding Lockheed Martin a new contract to ramp up the production of these missiles amid escalating tensions with several global adversaries."Both JAGM and HELLFIRE's advanced defensive capabilities provide users with a critical solution that allows them to stay ahead of ready with a competitive edge against potential adversaries.
Lockheed Martin said the contract is the"first joint production contract award from the U.S. government for JAGM and HELLFIRE" and"provides maximum flexibility to facilitate the procurement of both systems to multiple domestic and international customers."The deal comes as the
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US Army awards Lockheed up to $4.5 bln missiles contractLockheed Martin Corp said on Monday the U.S. Army has awarded a multi-year production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles, in a deal that could go up to $4.5 billion including follow-on awards.
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