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Marillyn Hewson, president and CEO of Lockheed Martin (NYSE: LMT) and a 2019 Wash100 winner, said the estimated value of the companyâs hypersonic contracts now stands at over $3.5B, Inside Defense reported Tuesday.
Hewson told analysts in an earnings call Tuesday the figure is associated with the companyâs selection as a prime contractor for the U.S. Armyâs Long Range Hypersonic Weapon integration support contract and its involvement in a Dynetics-led team tapped by the service to work on the Common Hypersonic Glide Body prototype.
She noted that both transactions will be negotiated in the next few months.
Ken Possenriede, chief financial officer at Lockheed, said the companyâs hypersonics work is in the development phase and most of its prototype launches are expected to kick off in 2020.