{"url":"https://newsforagent.com/news/2026-11-02/lockheed-martin-defense-awards-satellite-modification","markdown_url":"https://newsforagent.com/news/2026-11-02/lockheed-martin-defense-awards-satellite-modification.md","title":"Lockheed Martin Wins $118.9 Million in Army, Navy","headline":"Lockheed Martin Adds $118.9 Million in Army, Navy and Space Force Work, Led by $95 Million Satellite Modification","description":"Lockheed Martin received $118.9 million across three U.S. defense awards, including a $95 million Space Force modification that lifts a satellite contract to about $4.73 billion.","section":"Contracts & Customers","published_at":"2026-11-02T05:51:26+00:00","modified_at":"2026-11-02T05:51:26+00:00","author":"News Desk","key_takeaways":["Lockheed Martin received about $118.9 million across three U.S. defense contract awards and modifications.","A $95 million Space Force modification raised the cumulative face value of a satellite contract to approximately $4.73 billion from approximately $4.63 billion.","The Army awarded $10.4 million for PAC-3 guidance processor redesign and Seeker Block V flight testing, and the Navy ordered $13.4 million in USS Cleveland support work."],"companies":[{"name":"Lockheed Martin","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0000291/lockheed-martin","website":"https://www.lockheedmartin.com"}],"source":{"publisher":"Pulse 2.0","title":"Lockheed Martin Secures $118.9 Million Across Army, Navy, And Space Force Awards, Including $4.7 Billion Satellite Contract","url":"https://pulse2.com/lockheed-martin-secures-118-9-million-across-army-navy-and-space-force-awards-including-4-7-billion-satellite-contract/"},"other_sources":[],"tags":["Contracts & Customers","Lockheed Martin"],"body_markdown":"[Lockheed Martin](https://akta.pro/company-profiles/0000291/lockheed-martin) received approximately $118.9 million across three U.S. defense contract awards and modifications, the largest a $95 million Space Force change that lifts a satellite contract to about $4.73 billion. [Pulse 2.0](https://pulse2.com/lockheed-martin-secures-118-9-million-across-army-navy-and-space-force-awards-including-4-7-billion-satellite-contract/) reported the awards on November 2, 2026.\n\n## Inside the Space Force Satellite Modification\n\nThe $95 million modification covers a Zero Buy request for equitable adjustment on a previously awarded U.S. Space Force contract. It raises the contract's total cumulative face value to approximately $4.73 billion from approximately $4.63 billion. Work is performed in Littleton, Colorado, and $95 million in fiscal 2025 and 2026 procurement funding was obligated at the time of the award. The Space Force Portfolio Acquisition Executive for Satellite Communications and Positioning, Navigation, and Timing at Los Angeles Air Force Base is the contracting activity.\n\nThe Army awarded a $10.4 million cost-plus-incentive-fee contract for redesign of the Patriot Advanced Capability-3 guidance processor unit and Seeker Block V flight testing. The work runs in Grand Prairie, Texas, with completion expected by November 30, 2027, and the Army obligated the full amount from fiscal 2027 missile procurement funding. Army Contracting Command at Redstone Arsenal, Alabama, oversees the effort.\n\nLockheed Martin Mission Systems and Training received a $13.4 million Navy order for engineering and management services on the USS Cleveland post-shakedown availability. About 60% of the work is performed in Pascagoula, Mississippi, and 40% in Mayport, Florida, with completion expected by August 2027. The Navy obligated the full $13.4 million from fiscal 2026 shipbuilding and conversion funding.\n\n## Lockheed Martin's Missile Defense Backlog\n\nLockheed Martin is a publicly traded U.S. aerospace and defense prime contractor that designs, manufactures and sustains military systems across Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space for the U.S. Department of Defense and allied customers in more than 50 countries, according to akta.pro [company records](https://akta.pro/company-data). The same records list a June 2026 award of a $35.35 billion seven-year undefinitized contract from the U.S. Missile Defense Agency to quadruple THAAD interceptor production from 96 to 400 per year. They also list a June 2026 multi-billion-dollar U.S. manufacturing expansion of more than 20 new or modernized facilities under a broader $9 billion investment program through 2030.\n\n## Earlier Lockheed Martin Contract Wins\n\nOn October 28, 2026, Lockheed Martin received an $88.56 million contract to produce, install, maintain, modernize and sustain Radiant Mercury cross-domain solution systems for the U.S. Navy and other agencies, Militaryaerospace reported. On October 30, 2026, Aviationpros reported that Lockheed Martin secured a 10-year deal to build at least 850 F-35 jets, a deal that could generate $79 billion in economic activity. On November 1, 2026, The Motley Fool reported that Lockheed Martin closed its $3.45 billion acquisition of undersea warfare specialist Ultra Maritime on October 26.\n\n## What Comes Next for the PAC-3 and Navy Work\n\nThe PAC-3 guidance processor and Seeker Block V effort is expected to be completed by November 30, 2027. The USS Cleveland post-shakedown availability work is expected to be completed by August 2027.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}