Lockheed wins Future Interceptor development award with $660 million government funding
The U.S. Army awarded Lockheed Martin ($LMT) an agreement to develop its Future Interceptor, a capability intended to counter more advanced air and missile threats. The estimated project value is approximately $1.08 billion, comprising $660.4 million of government funding and a $423 million cost-sharing commitment from Lockheed. The full project value therefore should not be treated as government revenue payable to the company. Work will cover prototype development, testing and evaluation, with
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