Lockheed Martin wins $321.8 million U.S. defense contract: Pentagon

Reuters News
Posted: May 13, 2016 5:21 PM

WASHINGTON (Reuters) - A unit of Lockheed Martin Corp is being awarded a $321.8 million contract for research and development on the Long Range Anti-Ship Missile, the Pentagon said on Friday.

The cost-plus-incentive-fee contract is with Lockheed Martin Missiles and Fire Control in Orlando, Florida, where 60 percent of the work will be conducted, the Pentagon said in a statement.

(Reporting by Eric Walsh; Editing by Eric Beech)