Lockheed Martin Rotary and Mission Systems, a business segment of Lockheed Martin Corporation (NYSE: LMT), has been awarded a firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract worth up to $99 million.

The contract aims to enhance the lethality and survivability of littoral combat ship integrated tactical trainers. It includes hardware and software updates, technical support, cybersecurity measures, and software design. 

The Naval Air Warfare Center Training Systems Division is overseeing the contract. 

$LMT closed at $466.29, up $5.91 (1.28%) on Tuesday.

In other news, Enochian Biosciences Inc. (Nasdaq: ENOB) disclosed in a regulatory filing with the SEC that it has received a deficiency notice from The Nasdaq Stock Market for failing to meet the minimum bid price requirement. However, the notice does not immediately impact the company's listing and its will continue trading on Nasdaq.

The company has been granted a 180-day compliance period to regain compliance by achieving a minimum bid price of $1.00 per share for ten consecutive business days before January 3, 2024. If compliance is not met, an additional 180-day period may be granted.

Enochian Biosciences is actively monitoring its stock price and exploring options to meet the Nasdaq Listing Rules. 

Currently, $ENOB is trading at $0.67 in after-hours, reflecting an increase of +0.17 (+34.38%).

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