Home / Contract Awards / Lockheed Secures $353M for Rocket Launch Systems

Lockheed Secures $353M for Rocket Launch Systems

Lockheed Martin Corp.’s (NYSE: LMT) missiles and fire control business recently won a $353, 191, 632 U.S. Army contract for multiple rocket launch systems, the Defense Department announced Wednesday.

The contract follows an April award worth $79.4 million to design a variant of the guided multiple launch rocket system to incorporate into a new warhead.

Under the new award, the company will provide the branch with:

  • guided multiple launch rocket system full-rate production VII unitary pods
  • reduced range rocket pods
  • download/demate pods
  • integrated logistics support services.

Work will be performed in Dallas, Texas; Camden, Ark. Orland, Fla. and Lufkin, Texas.

The Pentagon expects Lockheed to complete the project by Dec. 29, 2014.

The U.S. Army Contracting Command, Redstone Arsenal, Ala., is the contracting activity.

Check Also

Lockheed Secures $192M in Navy Aegis Combat System Modernization Funds

Lockheed Martin (NYSE: LMT) has received a potential $192.3 million contract modification from the U.S. Navy …

July 20th Market Close: GovConIndex Closes Up While Major Indices Close Mixed

The Executive Mosaic GovCon Index (GCI) was able to remain above the 98.00 mark and closed at …

Subscribe to our Newsletter
I will subscribe later