Lockheed Martin lands a $694 million U.S. Air Force contract for the production of ARRW hypersonic missiles, marking a significant win for its advanced defense systems division.
Lockheed Martin has secured a $694 million contract from the U.S. Air Force to move forward with the production of the Air-Launched Rapid Response Weapon (ARRW). This award underscores the company's critical role in advancing hypersonic defense capabilities and provides a substantial boost to its long-term revenue pipeline within the defense sector.
The contract is valued at $694 million.
The contract covers the production of the Air-Launched Rapid Response Weapon (ARRW).
Lockheed Martin has been awarded a $694 million contract by the U.S. Air Force to produce the Air-Launched Rapid Response Weapon (ARRW). This deal bolsters the company's hypersonic defense portfolio and strengthens its position in advanced tactical weaponry production.
The $694 million contract validates Lockheed Martin's role in developing critical hypersonic technology for the U.S. military, ensuring sustained revenue and strategic importance in the defense sector.