Stock Markets April 21, 2026 05:45 PM

Lockheed Martin Secures $137.6 Million in Four U.S. Defense Awards

Contracts span F-35 support, submarine imaging and spares, and THAAD ground modernization with work across multiple U.S. sites

By Maya Rios LMT
Lockheed Martin Secures $137.6 Million in Four U.S. Defense Awards
LMT

Lockheed Martin has been awarded four Department of Defense contracts totaling about $137.6 million. The largest is a $70.1 million modification for work on Romania's F-35 Foreign Military Sales program. Other awards cover submarine imaging systems, spare acoustic modules for Virginia-class submarines, and THAAD ground modernization equipment, with work scheduled at multiple U.S. locations and completion dates stretching from 2027 through 2031.

Key Points

  • Lockheed Martin won four Department of Defense contracts totaling approximately $137.6 million.
  • Awards cover F-35 program support for Romania, engineering support for submarine imaging, spare acoustic modules for Virginia-class submarines, and THAAD ground modernization.
  • Contracts involve multiple U.S. work sites and contracting activities across Naval commands and the Missile Defense Agency, affecting aerospace, naval shipbuilding, and missile-defense supply chains.

Lockheed Martin Corp. has received four separate defense contract awards from U.S. government agencies, together valued at roughly $137.6 million, according to notices issued by the contracting authorities.

The single largest award is a $70.1 million modification to an existing contract for Lockheed Martin Aeronautics Co., headquartered in Fort Worth, Texas. That modification adds program management, logistics and sustainment, and systems engineering work tied to Romania's F-35 Foreign Military Sales program. The notice states that work will be carried out at multiple locations both inside and outside the continental United States, and that the effort is expected to be completed in November 2028. Naval Air Systems Command in Patuxent River, Maryland, is the contracting activity for this modification.

Another contract change involves Lockheed Martin Rotary and Mission Systems in Manassas, Virginia, which was awarded a $37.0 million cost-plus-incentive-fee modification. The funds are designated for engineering and technical support for the Integrated Submarine Imaging System. Performance of that work is to occur in Manassas, with an anticipated completion date in March 2027. Naval Sea Systems Command in Washington, D.C., is listed as the contracting activity.

Lockheed Martin also received a $20.5 million firm-fixed-price contract to supply 180 spare high-frequency chin array acoustic modules for Block IV Virginia-class submarines. The procurement lists multiple work locations: Hingham, Massachusetts; Oldsmar, Florida; Liverpool, New York; and Manassas, Virginia. Completion for that contract is expected by June 2031, and the contracting activity is Naval Supply Systems Command Weapon Systems Support in Mechanicsburg, Pennsylvania.

Finally, Lockheed Martin Missiles and Fire Control in Dallas, Texas, was issued a $10.0 million modification tied to Terminal High Altitude Area Defense Configuration 3.1 Part B2 Ground Modernization equipment. The modification identifies work locations including Dallas; Sunnyvale, California; Troy, Alabama; Huntsville, Alabama; and Camden, Arkansas, with an expected contract completion date of January 31, 2029. The Missile Defense Agency in Huntsville is the contracting activity for that modification.


Context and operational footprint

Collectively, the contracts reflect a spread of activities across aircraft sustainment, undersea systems engineering and spares provisioning, and missile defense ground modernization. Work is scheduled at a variety of U.S. sites and, in at least one case, at locations outside the continental United States. Contracting authorities include Naval Air Systems Command, Naval Sea Systems Command, Naval Supply Systems Command Weapon Systems Support, and the Missile Defense Agency.


Note on timing

Each award includes an expected completion date; actual timelines and deliverables are subject to the terms and potential future modifications of the contracts as administered by the respective government contracting activities.

Risks

  • All contracts list expected completion dates, indicating schedules could change before final delivery - this affects program timing for aerospace and naval projects.
  • Several awards are modifications to existing contracts, implying potential changes in scope or funding levels as programs progress.

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