Lockheed Martin Corp. secured two U.S. Department of War contracts totaling approximately $868 million on Wednesday. The news was reported on April 16.
The largest award is an $850.4 million modification for the TRIDENT II (D5) Life Extension 2 program. This program serves as a critical component of the U.S. nuclear deterrent. Work on the missile system is expected to be completed by September 2030.
A separate $17.5 million modification was awarded to the company's Aeronautics division in Fort Worth, Texas. These awards highlight continued government spending on strategic defense modernization.
For investors tracking the XAR ETF, large-scale contracts for top holdings are a primary driver of sentiment. These agreements serve as a key indicator of future revenue streams.