US Army selects Lockheed Martin for $1.08B Future Interceptor project – Defensehere

US Army selects Lockheed Martin for $1.08B Future Interceptor project  Defensehere

According to the U.S. Army, Lockheed Martin has been awarded an Other Transaction Agreement (OTA) to develop and test the next-generation Future Interceptor According to the U.S. Army, Lockheed Martin has been awarded an Other Transaction Agreement (OTA) to develop and test the next-generation Future Interceptor for integrated air and missile defence. The project has an estimated value of $1.08 billion, including $660.4 million in government funding and a $423 million cost-sharing commitment from Lockheed Martin. The Army has awarded Lockheed Martin an Other Transaction Agreement supporting development of the Future Interceptor, a next-generation capability intended to strengthen the Integrated Air and Missile Defense (IAMD) portfolio against advanced air and missile threats.

The Future Interceptor is being developed to address evolving air and missile threats through improvements in engagement range, altitude, velocity and maneuverability. The capability is intended to complement existing Army IAMD systems and strengthen layered defense against emerging threats. The total estimated project value is $1.08 billion, consisting of $660.4 million in government funding and a $423 million cost-sharing commitment from Lockheed Martin. “The ability to strike enemy systems at range is a critical mission the Army executes for the Joint Force,” said General Christopher LaNeve, Vice Chief of Staff and Acting Chief of Staff of the Army. “As part of the Army’s focused modernization strategy, outlined in