Lockheed Martin Corp, the Pentagon’s No. 1 weapons supplier, has won a contract valued more as $84 million to upgrade guided missiles designed to be carried and launched by military aircraft and helicopters.

The U.S. Department of Defense said Thursday that Lockheed Martin is awarded an $84,1 million cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract to perform design and development studies, technology demonstrations and engineering services for rapid technology development for the Joint Air-to-Surface Standoff Missile, Long Range Anti-Ship Missile, Joint Air-to-Ground Missile and Hellfire baseline weapon systems.

According to terms of the contract, work will be performed in Orlando, Florida, and is expected to be completed in March 2024.

The Naval Air Warfare Center Weapons Division, China Lake, California, is the contracting activity (N68936-19-D-0020).

The U.S. Navy looking at follow-on capabilities for the guided missiles, given rapid technology development by potential adversaries, and ensuring that the infrastructure was in place to allow such upgrades.