Lockheed Martin Corp. (NYSE:LMT) won two government contracts on Tuesday that together exceed $607 million, according to contract announcements.
The larger award, valued at $502,381,686, was granted to Lockheed Martin's Orlando, Florida, facility. That contract covers post-production support services for the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sight systems used on AH-64 attack helicopters. Contract terms include a mix of cost-no-fee, cost-plus-fixed-fee, and firm-fixed-price elements, and list an estimated completion date of July 5, 2031. The Army Contracting Command at Redstone Arsenal, Alabama, solicited one bid and received one response.
A separate task order, awarded to Lockheed Martin Services LLC in Colorado Springs, Colorado, carries a maximum value of $105,000,000 and is structured as a firm-fixed-price agreement. That work is focused on Global Positioning System modifications, specifically upgrades to the GPS control segment intended to provide command-and-control capability for the next generation of GPS III follow-on space vehicles.
The GPS contract specifies that work will be performed in Colorado Springs, Colorado, and is expected to be complete by Dec. 31, 2030. The award was made as a sole source acquisition by Space Systems Command at Peterson Space Force Base in Colorado Springs. At the time of award, fiscal 2026 research, development, test, and evaluation funds totaling $10,068,764 were being obligated.
For the AH-64 support contract, the announcement states that work locations and funding will be identified with each order under contracting activity W58RGZ-26-D-0052.
Context and implications
Both awards reinforce Lockheed Martin's role as a supplier of avionics and space systems support to U.S. military programs. The AH-64 contract funds sustainment and post-production services for aircraft-mounted night-vision and targeting sights, while the GPS task order funds control-segment modifications that aim to support command-and-control functions for follow-on GPS III space assets.
Details released with the announcements highlight procurement features such as single-bid solicitation for the AH-64 support work and a sole source procurement for the GPS control-segment work. The GPS award also shows a portion of required funds being obligated from fiscal 2026 RDT&E appropriations at the time of award.
What remains to be determined
The AH-64 award indicates that specific work locations and funding streams will be determined as individual orders are issued under the broader contracting vehicle W58RGZ-26-D-0052. That procedural detail means timelines and funding allocations for parts of that effort will be set on a rolling basis.