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Lockheed Martin Secures $17 Billion Contract for Next Generation Interceptor

The contract aims to enhance U.S. missile defenses against threats from North Korea and Iran, with the first operational unit expected by 2028.

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Overview

  • Lockheed Martin has been awarded a substantial $17 billion contract by the U.S. Missile Defense Agency to develop the Next Generation Interceptor (NGI).
  • The NGI program is designed to modernize the Ground-Based Midcourse Defense system, which includes radars and interceptors.
  • This development comes as a significant boost for Lockheed, especially after recent reductions in F-35 jet orders and other project cancellations.
  • The first operational interceptor is anticipated to be ready by 2028, marking a critical milestone in U.S. defense capabilities.
  • Lockheed's recent contract wins reflect its resilience and adaptability in a changing defense industry landscape.