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The U.S. Army awarded Lockheed Martin an Other Transaction Agreement to develop the Future Interceptor program. The project is estimated at $1.08 billion, including $660.4 million in government funding and a $423 million Lockheed Martin cost-sharing commitment.
Lockheed Martin Corp. (NYSE: LMT ) reported stronger-than-expected second-quarter results on Thursday, driven by higher sales and earnings, and ended the quarter with a record backlog of $230 billion. The backlog, the largest in the company’s history, increased by about $64 billion from a year earlier. During the quart