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Air Force

Lockheed Martin Awarded Second Air Force Hypersonic Weapon Prototype Contract

By Vivienne Machi

Monday, August 13th, 2018

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The U.S. Air Force today awarded Lockheed Martin [LMT] a potential $480 million contract to design a second hypersonic weapon prototype.The contract will provide the critical design review, test and production readiness support for the Air-Launched Rapid Response Weapon (ARRW) program. The “undefinitized” contract action authorizes Lockheed to begin work before the government reaches a final settlement on contract terms and conditions, to include a final negotiated price, the Air Force said in an emailed statement. The contract is expected…

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