Lockheed Wins Tomahawk, JASSM Missile Contracts

Two awards issued Thursday and Friday will produce $17.1 million in combined revenue.

Rich Smith
Rich Smith
Jun 15, 2013 at 1:09PM
Industrials

As the week wound down, Lockheed Martin (NYSE:LMT) claimed a pair of contract wins from the Pentagon, worth more than $17.1 million combined.

The smaller award, for $7.2 million, came Thursday and called on Lockheed's Information Systems and Global Services division to do software development work in support of the Tactical Tomahawk Weapons Control System. TTWCS is described as a system for computing Tomahawk cruise missiles' routes to their strike targets. The system can input new missions on-site and, once missiles are launched, can communicate with multiple Tomahawks to rapidly retarget and redirect the missiles in flight.

Lockheed's second award, issued Friday, concerns a different weapons system, the Joint Air-to-Surface Standoff Missile, or JASSM. Lockheed's Missiles and Fire Control division has been awarded $9.9 million in a delivery order against a previously issued basic ordering agreement to supply the U.S. Air Force with JASSM Common Unique Planning Component software. This contract should be complete by June 25, 2015.