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Lockheed Awarded $988 Million Contract to Continue Hypersonic Vehicle Development

Vivienne Machi By
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Lockheed Awarded $988 Million Contract to Continue Hypersonic Vehicle Development

The Air Force on Monday awarded Lockheed Martin [LMT] a $988.8 million contract modification to continue work on the Air-Launched Rapid Response Weapon (ARRW), one of the service’s top hypersonic vehicle development programs. The award concerns critical design review, test and production readiness support.  The contract modification will definitize the contract terms, specifications and price, per the award notice. Work will be performed in Orlando, Florida, and is expected to be completed by Dec. 31, 2022.  Fiscal 2020 research, development,…

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