Lockheed Martin Secures $270 Million US Air Force Deal For Next-Gen F-22 Infrared Defense

Lockheed Martin Corporation LMT shares are trading lower on Wednesday after announcing a $270 million contract with the U.S. Air Force.

The contract is for the integration of next-generation infrared defensive sensors on the F-22 Raptor, enhancing the aircraft’s survivability and lethality.

The infrared sensors, part of Lockheed Martin’s new Infrared Defensive System (IRDS), will be embedded in the F-22. These distributed TacIRST sensors are designed to improve the aircraft’s capability to detect and counter evolving threats.

Lockheed Martin will manage the integration of IRDS on the F-22 and extend its support to other platforms.

Hank Tucker, vice president of Mission Systems at Lockheed Martin, emphasized the importance of advanced infrared systems like IRDS to ensure mission success against future adversaries.

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“We’re committed to supporting the Air Force through continuous innovation of capabilities to deter and defeat evolving threats,” Tucker added.

Justin Taylor, vice president of the F-22 program, expressed pride in continuing the partnership with the Air Force, focusing on the modernization of the Raptor and reinforcing U.S. air superiority.

The contract underscores Lockheed Martin’s ongoing innovation in defense technology to meet the needs of modern military operations.

According to Benzinga Pro, LMT stock has gained over 8% in the past year. Investors can gain exposure to the stock via First Trust Exchange-Traded Fund First Trust Indxx Aerospace & Defense ETF MISL.

Price Action: LMT shares are trading lower by 1.6% to $497.94 at last check Wednesday.

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