Lockheed Martin Awarded $1.1 Billion Initial Contract to Provide Nation's First Sea-Based Hypersonic Strike Capability

Rhea-AI Summary

Lockheed Martin (NYSE: LMT) has secured a contract exceeding $2 billion from the U.S. Navy to integrate the Conventional Prompt Strike (CPS) hypersonic weapon system onto ZUMWALT-class guided missile destroyers. This capability enables long-range missile flights at speeds greater than Mach 5. The project aims to field CPS by the mid-2020s, and it includes launcher systems, control systems, and support for the U.S. Army's Long Range Hypersonic Weapon. This integration marks a significant advancement in naval warfare technology, enhancing operational capabilities at sea.

Positive

• Awarded a contract exceeding $2 billion with the U.S. Navy for hypersonic strike capability.
• Integration of the Conventional Prompt Strike weapon system enhances long-range offensive capabilities.
• On track to deliver hypersonic systems by the mid-2020s, boosting Lockheed Martin's defense portfolio.

Negative

• None.

Company will integrate weapon system onto U.S. Navy surface ships

LITTLETON, Colo., Feb. 17, 2023 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) is partnering with the U.S. Navy to integrate hypersonic strike capability onto surface ships.

The U.S. Navy awarded Lockheed Martin a contract worth more than $2 billion, if all options are exercised, to integrate the Conventional Prompt Strike (CPS) weapon system onto ZUMWALT-class guided missile destroyers (DDGs). CPS is a hypersonic boost-glide weapon system that enables long range missile flight at speeds greater than Mach 5, with high survivability against enemy defenses.

"Lockheed Martin continues to advance hypersonic strike capability for the United States through this new contract," said Steve Layne, vice president of Hypersonic Strike Weapon Systems at Lockheed Martin. "Early design work is already underway. Our team looks forward to supporting the warfighter by providing more options to further protect America at sea."

Under this contract, prime contractor Lockheed Martin will provide launcher systems, weapon control, All Up Rounds (AURs), which are the integrated missile components, and platform integration support for this naval platform. The company, along with industry partners including subcontractors Northrop Grumman and General Dynamics Mission Systems, is on track to provide the CPS surface-launched, sea-based hypersonic strike capability to sailors by the mid-2020s. The contract also provides for additional AURs plus canisters for the U.S. Army's Long Range Hypersonic Weapon (LRHW)  testing, training and tactical employment.

A Shared Missile
CPS shares a common AUR with the Army LRHW and can be launched from multiple platforms including surface ships, submarines, and land-based mobile launchers.

Lockheed Martin is the prime systems integrator for the CPS and LRHW weapon systems. The company leads a team of industry, government, and academic partners to make critical progress in design and development to meet this urgent warfighter need in both land and sea domains.

A National Imperative
Hypersonic vehicles or hypersonic missiles can travel faster than five times the speed of sound and are highly maneuverable. The combination of the CPS capability, and the stealth and mobility of the ZUMWALT-class destroyer, will provide the nation's first sea-based hypersonic strike capability.

Fielding CPS on the ZUMWALT-class destroyer will be a necessary and important step toward equipping the warfighter with a capability that embodies Lockheed Martin's 21^st Century Security vision in support of our customers.

Lockheed Martin is leveraging its corporate history of system integration on naval platforms and our more than 60 years of hypersonic strike experience to accelerate development on an unprecedented timeline.

For additional information, visit our website: www.lockheedmartin.com.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 116,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Please follow @LMNews on Twitter for the latest announcements and news across the corporation, and @LMSpace to learn more about the latest technologies, missions and people driving the future of space.

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SOURCE Lockheed Martin

FAQ

What is the value of the contract awarded to Lockheed Martin by the U.S. Navy?

The contract is worth over $2 billion if all options are exercised.

What type of weapon system is Lockheed Martin integrating onto naval ships?

Lockheed Martin is integrating the Conventional Prompt Strike (CPS) hypersonic weapon system.

When is Lockheed Martin expected to deliver the hypersonic strike capability?

The delivery of the hypersonic systems is expected by the mid-2020s.

What class of ships will receive the hypersonic strike capability?

The hypersonic strike capability will be integrated onto ZUMWALT-class guided missile destroyers.

How fast can the hypersonic missiles travel?

The hypersonic missiles can travel at speeds greater than Mach 5.