06:56 AM EDT, 07/01/2024 (MT Newswires) -- Lockheed Martin ( LMT ) won a $5.28 billion firm-fixed-price contract from the US Department of Defense to deliver "Phased Array Tracking Radar to Intercept on Target Advanced Capability-3" missiles for the US Army, according to the Defense Department's website.

The contract has an expected completion date of June 30, 2027, said the Defense Department.

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