Federal contract

Department of Defense committed $843M to Lockheed Martin for missile defense contract

Signed Jun 24, 2026 · Updated Jun 24, 2026

$843M
committed so far: $35.3B
maximum it could reach

Why it stands out

The Department of Defense awarded Lockheed Martin a $843 million contract for the THAAD missile system, with a potential value up to $35.3 billion over about 10 years. This award was given without competition and only 2% of the maximum value is committed so far, making it a long-term, low-commitment deal at this stage.

Awarded without a competition
Runs about 10 years
Only 2% of its maximum value is committed so far

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordUSAspending.gov — Prime award record

All the details

Dates, kept separate

Date signed: Jun 24, 2026
Reporting period: Not applicable
Last updated on USAspending: Jun 24, 2026

DefenseDefinitive ContractSubsidiary mapping

Context

Current obligations

$842,871,672

Actual federal dollars obligated to date on this award

Potential / ceiling value

$35,327,237,604

A maximum, not earned revenue

T12M mapped awards

$10.6B across 18 awards

Obligations to date on awards newly signed in the last 12 months, mapped to this company

Agency concentration

99.8% from the largest awarding agency

Share of T12M mapped obligations

Historical significance

#5 of 19 mapped awards by obligations

Within the awards OQRO has ingested

Scale vs annual revenue

15.82% of FY2021 revenue ($67B)

T12M mapped obligations ÷ revenue the company reported in its 10-K. A size comparison: obligations are not revenue and are usually earned over several years

Company mapping

verified alias

Exact identifier > verified alias > manual override