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Lockheed Martin Nabs $534 Million For Hypersonic Development And Testing

Rich Abott By
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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…

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