The U.S. Air Force awarded Lockheed Martin’s unit a $101.8M deal for maintenance and sustainment of South Korea’s defense systems.
Lockheed Martin’s Rotary & Mission Systems unit won a $101.8M contract from the U.S. Air Force to provide maintenance, repair, and sustainment services. The deal supports mission equipment and aircraft systems under the Republic of Korea’s Peace Krypton Prime program.
The contract reflects ongoing U.S. defense partnerships in the Asia-Pacific region, amid heightened military cooperation with South Korea. No prior contract value or consensus estimates were disclosed for comparison.
Lockheed Martin shares showed minimal movement following the announcement, as the deal aligns with existing defense sector trends.