09:44 AM EDT, 06/05/2024 (MT Newswires) -- Lockheed Martin ( LMT ) said Wednesday it has signed an agreement with Firefly Aerospace to buy up to 25 launches on Firefly's rockets through 2029.

Financial terms of the agreement weren't disclosed.

Under the terms, Firefly will routinely launch a number of future Lockheed spacecraft and new payload technologies into low-Earth orbit from its facilities on the west and east coasts, the company added.

Price: 466.82, Change: -2.07, Percent Change: -0.44