• Lockheed Martin wins $1.08 billion in defense contracts.
• Contracts cover Joint Air-to-Surface Standoff Missile and MK 48 Heavyweight Torpedo programs.
• Work to be performed in Orlando, Florida, and Liverpool, New York.
• Contracts include purchases for the U.S. Navy and Foreign Military Sales program.

This contract award may indicate Lockheed Martin's strong position in the defense market, suggesting a continued demand for advanced missile systems. The inclusion of Foreign Military Sales funds could indicate a growing international interest in these systems, which may benefit Lockheed Martin's export business.