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.

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.