HUNTSVILLE, Ala., May 17, 2024 - Today the U.S. Army awarded Lockheed Martin[NYSE: LMT] a$756 millioncontract to deliver additional capability for the nation's ground-based hypersonic weapon system, the Long RangeHypersonic Weapon (LRHW).

Under the new contract, Lockheed Martin will provide additionalLRHW battery equipment, systems and software engineering support, and logisticssolutions to the Army.

LRHW willintroduce a new class of ultrafast and maneuverable long-range hypersonic missiles with the ability to launch from ground mobile platforms.The LRHW weapon system is designed to launch the common hypersonic All Up Round (AUR) - providedby the U.S. Navy-managedConventional Prompt Strike (CPS) program -and includesthe Army canister, a battery operations center, and transporter erector launchers.

"Lockheed Martin is proud to continue our strong partnership with the U.S. government for hypersonic strike capability,"said Steve Layne, vice president of Hypersonic Strike Weapon Systems at Lockheed Martin. "With this contract, wewill support the U.S. Army to sustain the Long RangeHypersonic Weapon System currently in the hands of U.S. soldiers, produce additional batteries for future fielding, and support flight testing."

Lockheed Martindelivered equipmentfor the first LRHW battery, referred to as Dark Eagle, to U.S. soldiers in 2021. The companywill continue to support the U.S. Army to meet this critical national security need.

The company has been developing highly advanced hypersonic technology for the last 60 years as part of Lockheed Martin's21st Century Security® vision in support of our customers.

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security®vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at lockheedmartin.com.

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Lockheed Martin Corporation published this content on 17 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2024 21:27:05 UTC.