Lockheed Martin Awarded $1.08 Billion Future Interceptor Program Contract

The U.S. Army awarded Lockheed Martin an Other Transaction Agreement to develop the Future Interceptor program, aimed at strengthening integrated air and missile defenses against advanced threats. The project is valued at an estimated $1.08 billion, including $660.4 million in government funding and a $423 million cost-sharing commitment from Lockheed Martin.