Pentagon Awards Lockheed Martin $8.4 Billion Missile Production Contract

The Pentagon has awarded Lockheed Martin an $8.4 billion contract to produce precision strike missiles. As part of this contract, Lockheed Martin will manufacture Increment One missiles for the US Army. According to

A contract modification (P00007) with a value of $8,402,489,648 was awarded to Lockheed Martin Corp., Grand Prairie, Texas, for the increased production capacity of Precision Strike Missiles Increment One and the procurement of Early Operational Capability assets, with the intent to extend the production order period and increase the contract ceiling.

, the contract includes the production of Increment One missiles. The total value of the contract is $13.33 billion. The missiles produced will be sent to the Redstone Arsenal in Alabama.