Lockheed to Perform Tech Maturation, Risk Reduction on Army Prototype Missiles Under $74M Contract

TYSONS CORNER, VA, July 10, 2017 — Lockheed Martin (NYSE: LMT) will design and fly prototype missiles for the second phase of the U.S. Army‘s Long Range Precision Fires program under a potential $73.8 million contract, GovCon Wire reported Friday.

The company said Thursday phase two includes technology maturation and risk reduction work on prototype LRPF missiles over a 36-month period ahead of the program’s engineering and manufacturing development phase.

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