Lockheed Martin Corporation (LMT) recently secured two U.S. Department of Defense contract modifications totaling around $48.6 million. The first adjustment, valued at $29.4 million, pertains to a Joint Air-to-Surface Standoff Missile enterprise software contract. The second adjustment, worth $19.2 million, is linked to the GPS III follow-on Award Fee Period Six, raising the contract’s value to $4.12 billion. Both contracts involve a mix of U.S. research and development allocations and Foreign Military Sales funds. Lockheed Martin Corporation (LMT) is recognized as one of the top 10 best defense contractor stocks to invest in.

Read more at Yahoo Finance: Lockheed Martin Corporation (LMT) Wins Two U.S. Department of Defense Contract Modifications, Totaling About $48.6 Million