Lockheed Martin grabs $37M+ in defense contracts with work in Orlando

The U.S. government has awarded Lockheed Martin two new defense contracts, bringing more than $37 million in work to Orlando, while another Central Florida company has secured a $14.5 million deal of its own.

Bethesda, Maryland-based Lockheed Martin Corp. (NYSE: LMT) secured a $23.9 million contract to produce five infrared receivers and eight control processors for the U.S. Navy, the Department of Defense announced Sept. 20. All work will be performed in Orlando and the project is expected to be completed by 2023. Lockheed also won a $13.5 million modification to an existing contract to provide cybersecurity architecture for the U.S. Army. The work for that contract also will be performed in Orlando and will be completed by Nov. 25. Read more here.