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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.

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