Lockheed Martin awarded $694 million contract to produce Air‑Launched Rapid Response Weapon hypersonic missile
The U.S. Air Force awarded Lockheed Martin a $694 million contract to move the AGM‑183A Air‑Launched Rapid Response Weapon (ARRW) from development into serial production. The award, signed on September 29, 2026, will fund production for integration on B‑52 bombers and other platforms. Lockheed Martin is expanding its Troy, Alabama facility by 47,000 sq ft, tripling the production space and investing $67 million in the expansion, with a total $8‑9 billion investment planned through 2030 to meet munitions demand.
Why it matters
Lockheed Martin says the contract enables rapid fielding of a sustained hypersonic strike capability that enhances the Air Force’s strategic advantage (source 8). The production award is expected to generate additional revenue and support the company’s long‑term munitions growth plan (source 8).
Key facts
- 1The U.S. Air Force awarded Lockheed Martin a $694 million contract for ARRW production. news.am
- 2The contract was signed on September 29, 2026, one day before the end of FY 2026. nationalinterest.org
- 3Lockheed Martin broke ground on a 47,000 sq ft expansion of Building P‑20 in Troy, Alabama, which will triple the facility’s production space. prnewswire.com
- 4Lockheed Martin has already invested $67 million in the ARRW production facility expansion. investing.com
- 5The company plans to invest $8‑9 billion in munitions production through 2030, including ARRW. prnewswire.com
Summary written by AlphAI AI Desk from 9 of 9 sources. Not investment advice. Figures are as stated by the linked sources.