Lockheed Martin Secures $1.13B HIMARS Contract, Boosting Global Defense Backlog

Lockheed Martin secured a $1.13 billion contract from the U.S. Army to produce 17 M142 High Mobility Artillery Rocket Systems (HIMARS).

Production for the multi-year award is scheduled to run through 2028.

The agreement supplies the U.S. military and international allies including Taiwan, Estonia, and Sweden.

This contract enhances the company’s near-term revenue visibility and expands its existing order backlog.

The deal reinforces sustained global demand for the HIMARS platform and Lockheed Martin’s leadership in advanced missile defense.