The U.S. Army awarded Lockheed Martin (NYSE: LMT) an Integrated Fires Protection Capability (IFPC) 2nd Interceptor Other Transaction Authority (OTA) Project Agreement to enhance its air and missile defense capabilities. This significant agreement results from the company’s investment in Integrated Air and Missile Defense (IAMD) capabilities and is projected to result in 15 years of business.
The IFPC 2nd Interceptor program will provide a robust and integrated solution to fill the gap between short-range air defense systems and the Patriot air and missile defense system. Lockheed Martin will lead the development, production and delivery of the IFPC 2nd Interceptor, leveraging its expertise in integrated air and missile defense, command and control, and advanced technologies.
"We are honored to have been selected by the U.S. Army for this critical program," said Randy Crites, vice president, Lockheed Martin Missiles and Fire Control Advanced Programs. "The IFPC 2nd Interceptor agreement demonstrates the Army's confidence in our ability to deliver innovative, effective and sustainable solutions that meet their evolving needs. This is representative of our industry leadership in IAMD capabilities that work for any objective. We look forward to continuing our long-standing partnership with the Army and supporting their mission to protect our nation and its interests."
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Download free sample pages More informationThis agreement is a testament to Lockheed Martin's investments in advanced technologies and 21st Century Security® capabilities that address the complex security challenges of the future. Over the next 15+ years, the company will work closely with the U.S. Army to ensure the successful execution of the program, driving innovation and delivering exceptional performance.
The company is well-positioned to support the U.S. Army's long-term requirements, with a strong track record of delivering high-quality products and services that meet the evolving needs of its customers.
Lockheed Martin is also collaborating closely with AeroVironment on the IFPC 2nd Interceptor Program.
