Lockheed Martin Secures $514M Space Vehicle Contract

Contract Modification Overview

Lockheed Martin (NYSE:LMT) received a $514.4 million modification to the U.S. Department of War’s contract for the production of Space Vehicles 23 and 24, announced on Thursday. The modification, processed under change order P00200, brings the cumulative face value of the original contract (FA8807‑18‑C‑0009) to $4.68 billion, up from $4.17 billion.

Funding and Timeline

Fiscal Year 2026 procurement funds totaling $514.4 million are being obligated at the time of award. Work will be carried out at Lockheed Martin’s facility in Littleton, Colorado, with the program scheduled for completion on 30 November 2032.

Contract History and Administration

The amendment represents the 200th change to the original agreement that was first awarded in 2018. The contracting activity is the Space Systems Command’s Satellite Communications and Positioning, Navigation, and Timing Contracting Division located in Los Angeles, California.