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.
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Download free sample pages More informationLockheed 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.
