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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Breaking News

Breaking News

Lockheed receives $2 billion worth contract from United States Navy.

Photo Credit: Kim Kyung-Hoon Photo Credit: Kim Kyung-Hoon
Photo Credit: Kim Kyung-Hoon Photo Credit: Kim Kyung-Hoon

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The United States Navy has awarded Lockheed Martin Corp (LMT.N) $2 billion contract for hypersonic weapon systems. As announced by defense contractor on Friday. Amid rising global demand for weapons and ammunition.

Lockheed will incorporate the Instant Strike (CPS) conventional weapons system into the Zumwalt stealth destroyers, per the conditions of the contract.

This in addition to providing launch systems, weapons control, integrated missile components, and platform integration support for the offshore platform.

The defense contractor will also supply launch systems, weapons control, integrated missile components, and platform integration support.

The United States and its worldwide adversaries are currently developing several hypersonic weapons. This weapons will traverse through the upper atmosphere at five times the speed of sound.


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