Lockheed Martin secures $270 million US Air Force deal for next-generation F-22 infrared defense aircraft

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

The contract aims to integrate next-generation infrared defensive sensors into the F-22 Raptor, enhancing the aircraft’s survivability and lethality.

The infrared sensors, part of Lockheed Martin’s new Infrared Defense System (IRDS), will be integrated into the F-22. TacIRST’s distributed sensors are designed to improve the aircraft’s ability to detect and counter evolving threats.

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

Hank TuckerLockheed Martin’s Vice President of Mission Systems stressed the importance of advanced infrared systems such as IRDS to ensure mission success against future adversaries.

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

Justin TaylorThe deputy head of the F-22 program expressed his pride in continuing the partnership with the Air Force, with a focus on modernizing the Raptor aircraft and enhancing American air superiority.

The contract confirms Lockheed Martin’s continuous innovation in the field of defense technology to meet the needs of modern military operations.

according to Benzinga ProLMT stock has risen more than 8% in the past year. Investors can gain exposure to a stock by… FirstTrust ETF, FirstTrust Indxx Aerospace and Defense ETF MISL.

Price action: LMT shares are trading down 1.6% to $497.94 at last check on Wednesday.

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