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Lockheed Martin Secures $1.13B Contract for HIMARS Production

April 30, 2026
1 min read
Sponsored by: Jumpseat Solutions
Key Takeaways
  • Lockheed Martin awarded $1.13B contract for HIMARS production.
  • Contract covers full rate production lot 17 of M142 launchers.
  • Raytheon also receives $833m contract modification for Evolved SeaSparrow Missile.
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Strategic Implications

This contract award may indicate the US military's continued investment in artillery rocket systems, which could strengthen Lockheed Martin's position in the defense market. The contract's value suggests significant demand for HIMARS, which could benefit the company's revenue and growth prospects.

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What Happened

Defense Giant Wins Major Contract for Artillery Rocket Systems

Lockheed Martin has been awarded a $1.13 billion undefinitized contract action for the full rate production of High Mobility Artillery Rocket Systems (HIMARS) M142 launchers and supporting requirements. The contract is for lot 17 of the HIMARS program. Additionally, Raytheon has received an $833 million contract modification for the Evolved SeaSparrow Missile. These contract awards were reported by Aviation Week, a leading source of aerospace and defense news.

Source

Companies Mentioned
Lockheed Martin Raytheon US Navy
Topics
Defense Contract Artillery Rocket Systems Military Procurement HIMARS Missile Defense
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Home › Categories › DEFENSE & SECURITY

Lockheed Martin Secures $1.13B Contract for HIMARS Production

April 30, 2026
1 min read
Sponsored by: Jumpseat Solutions
Key Takeaways
  • Lockheed Martin awarded $1.13B contract for HIMARS production.
  • Contract covers full rate production lot 17 of M142 launchers.
  • Raytheon also receives $833m contract modification for Evolved SeaSparrow Missile.
Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.
Sign In
Silver membership required Upgrade to Silver to access Key Takeaways.
Upgrade
Strategic Implications

This contract award may indicate the US military's continued investment in artillery rocket systems, which could strengthen Lockheed Martin's position in the defense market. The contract's value suggests significant demand for HIMARS, which could benefit the company's revenue and growth prospects.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.
Sign In
Silver membership required Upgrade to Silver to access Strategic Implications.
Upgrade

What Happened

Defense Giant Wins Major Contract for Artillery Rocket Systems

Lockheed Martin has been awarded a $1.13 billion undefinitized contract action for the full rate production of High Mobility Artillery Rocket Systems (HIMARS) M142 launchers and supporting requirements. The contract is for lot 17 of the HIMARS program. Additionally, Raytheon has received an $833 million contract modification for the Evolved SeaSparrow Missile. These contract awards were reported by Aviation Week, a leading source of aerospace and defense news.

Source

Companies Mentioned
Lockheed Martin Raytheon US Navy
Topics
Defense Contract Artillery Rocket Systems Military Procurement HIMARS Missile Defense
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