Lockheed Martin recently acquired two major contracts from the U.S. Department of War, collectively valued at approximately $225 million, focusing on missile systems maintenance and naval weapons support.
The company's Grand Prairie, Texas facility secured a $202.8 million contract modification linked to an ongoing agreement for the PAC-3 missile program. This contract adjustment, referenced as PZ0009 under contract W31P4Q-22-C-0060, encompasses tasks such as inspection, comprehensive recertification, and necessary repairs to ensure that the missile systems are restored to operational status.
Execution of the PAC-3 contract will be carried out at the Grand Prairie site, with project completion anticipated by June 30, 2028. Oversight is provided by the Army Contracting Command stationed at Redstone Arsenal in Alabama. Upon award, the contract obligated $52.4 million in fiscal year 2022 Foreign Military Sales funding specifically earmarked for Taiwan.
Separately, Lockheed Martin’s Rotary and Mission Systems division in Moorestown, New Jersey, was awarded a cost-plus-fixed-fee contract valued at $22.2 million. This agreement focuses on providing support services tailored to the Aegis Weapon Systems, including lifecycle logistics, engineering, and technical assistance for vessels in active service as well as post-production units.
The scope of the Aegis contract covers an array of naval platforms such as combatant ships, Coast Guard cutters, alongside facilities like the Surface Combat Systems Center, the Aegis Training and Readiness Center, and the Integrated Warfare Systems Laboratory. If all available options for extension are exercised, the contract's total value could expand to nearly $99.9 million.
Work on the Aegis project will be undertaken in Moorestown, with the current contract term slated to conclude in January 2027. However, should the contract options be fully realized, operations will continue through January 2031. This contract is managed by the Naval Surface Warfare Center Port Hueneme Division in California and was awarded via a non-competitive procurement process, recognizing Lockheed Martin as the sole responsible source capable of fulfilling the specific requirements.