Navy Purchases Precision Strike Missiles

Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $67,532,289.99 hybrid (cost-plus-fixed-fee and firm-fixed-price) contract for the Precision Strike Missile Early Operational Capability Lot 3. Bids were solicited via the internet with one received. Work will be performed in Grand Prairie, Texas, with an estimated completion date of September 30, 2026. Fiscal 2023 aircraft procurement, Army funds in the amount of $67,532,290 were obligated at the time of the award. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity (W31P4Q-23-C-0052).