Sign In
Search
Navy/USMC

Lockheed Martin Nabs $534 Million For Hypersonic Development And Testing

Rich Abott By
SHARE:
Lockheed Martin Nabs $534 Million For Hypersonic Development And Testing
Navy Strategic Systems Programs (SSP) conducted a successful test of the Second Stage Solid Rocket Motor (SRM) on August 25, 2021 in Promontory, Utah as part of the development of the Navy’s Conventional Prompt Strike (CPS) offensive hypersonic strike capability and the Army’s Long Range Hypersonic Weapon (LRHW). (U.S. Navy photo)

The Navy awarded Lockheed Martin [LMT] a $534 million contract modification on June 27 for testing as well as systems engineering and development for the Conventional Prompt Strike (CPS) hypersonic weapon. DoD’s announcement said this award also incorporates an optional line item that, if exercised, would increase the not-to-exceed value to $570 million total. Work under this undefinitized modification is set to last through June 19, 2025. $115 million in fiscal year 2024 Navy research and development funds were obligated…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Navy/USMC

Amphibious Fleet At 45 Percent Readiness As New Board Meets To Fix Challenges

Navy/USMC

Electric Boat President Says Multi-Sub Award Still Months Away, Explains Outsourcing Issues

Navy/USMC

“We Can Do A Lot:” Fincantieri Sees LSMs As Way Back To Serial Production, Could Start Production This Year

Navy/USMC

DIU Seeks Larger Capacity Autonomous Low Profile Sea Vehicles For Shore Resupply

Trending

Anduril Nabs $20 Billion Army Award For Enterprise-Wide Counter-Drone Solutions
Defense Watch: PAC-3 and Wedgtail Awards, C-UAS Standards, Dem Praises Hegseth
Official: DoD’s FY ‘27 Budget Request Coming ‘Relatively Soon,’ Makes ‘Generational Investment’
Air Force Flight Tests Affordable Missile Demonstrator With Ursa Major Engine
X-Bow To Acquire Evolution Space, Enhancing Hypersonics And Energetics Capabilities

Congress Updates

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume