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Lockheed Martin, Raytheon Win MDA Multi-Object Kill Vehicle Contracts

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Lockheed Martin, Raytheon Win MDA Multi-Object Kill Vehicle Contracts
Lockheed Martin's Patriot Advanced Capability-3 (PAC-3) missile is part of the U.S. missile defense infrastructure. Photo: Lockheed Martin.

Lockheed Martin [LMT] and Raytheon [RTN] on Tuesday were awarded contracts worth roughly $10 million each to begin work on the Missile Defense Agency’s Multi-Object Kill Vehicle (MOKV), according to a Defense Department statement.Another contract could be issued this week as MDA spokesman Rick Lehner said three contracts were possible for this early stage of MOVK. Boeing [BA] spokeswoman Cheryl Sampson said Tuesday the company submitted a proposal for the MOKV study contract and expects to receive notification this week.Lockheed…

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