Lockheed awarded $928M for hypersonic strike weapon

The deal, announced Wednesday by the Department of Defense, is valued at $928 million under the terms of a indefinite-delivery, indefinite-quantity contract.

The contract was awarded by Air Force Life Cycle Management, out of Eglin Air Force Base in Florida, directs Lockheed Martin to design, develop and test an air-launched hypersonic strike weapon.

Work on the contract will occur in Huntsville, Alabama.

The Pentagon says allocation of funds for the first task order will come from fiscal 2018 research, development, test and evaluation funds.