Marillyn Hewson, president and CEO of Lockheed Martin (NYSE: LMT) and a 2019 Wash100 winner, said the estimated value of the company’s 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 company’s selection as a prime contractor for the U.S. Army’s 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 company’s hypersonics work is in the development phase and most of its prototype launches are expected to kick off in 2020.
