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Lockheed Secures $80M Army Funds to Increase Hellfire Missile Production Capacity

Lockheed Secures $80M Army Funds to Increase Hellfire Missile Production Capacity - top government contractors - best government contracting event
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Lockheed Secures $80M Army Funds to Increase Hellfire Missile Production Capacity - top government contractors - best government contracting eventLockheed Martin‘s missiles and fire control business has received an $80.2 million contract modification from the U.S. Army to increase production of the AGM-114 Hellfire  missile system.

The Defense Department said Tuesday the company will use the funds to set up its production line, procure additional tools and test equipment and hire more suppliers necessary to manufacture up to 11,000 Hellfire units annually.

Work under the modified contract will occur in Orlando, Florida through Sept. 30, 2021.

Hellfire consists of semi-active laser-guided missiles designed to help Army aircraft pilots conduct air-to-surface attack missions.

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Written by Nichols Martin

a staff writer at Executive Mosaic, produces articles on the federal government's technology and business interests. The coverage of these articles include government contracting, cybersecurity, information technology, health care and national security.

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