Lockheed Martin (NYSE: LMT) has won a potential seven-year, $3.53 billion contract to provide training tools and simulators to the U.S. Army.
The company will also help the service branch operate and maintain instrumentation systems and live-fire ranges under the firm-fixed-contract, the Defense Department said Thursday.
The Army Contracting Command received two bids via the internet and will determine funds and work locations upon issuance of each order.
The Pentagon expects the company to finish work by April 30, 2025.
