Lockheed Martin Takes Next Step in Homeland Missile Defense Interceptor Acquisition Process
Lockheed Martin Takes Next Step in Homeland Missile Defense Interceptor Acquisition Process HUNTSVILLE, Ala., Feb. 28, 2024 Company continues unprecedented progress to advance Next Generation Interceptor program HUNTSVILLE, Ala., Feb. 28, 2024 — In November 2023, Lockheed Martin (NYSE: LMT) successfully completed a Missile Defense Agency (MDA) acquisition milestone for the nation’s modernized long range ballistic missile interceptor. The company completed the first Knowledge Point — known as KP1 — ahead of schedule, taking a major contractual step forward that allows its Next Generation Interceptor (NGI) program to continue development towards the Critical Design Review (CDR). During KP1, the MDA evaluated Lockheed Martin’s development progress to date. This includes completing design review milestones and demonstrating significant maturation across critical technologies, manufacturing readiness, and utility of the company’s NGI Software Factory. This KP1 achievement follows the program’s All Up Round Preliminary Design Review, which Lockheed Martin executed on-schedule in September. “I’m […]