Lockheed Wins $200M for Army Unitary Rockets

056_lockheedmartinLockheed Martin (NYSE: LMT) has won a $197, 604, 600 contract modification to provide the U.S. Army guided rockets for tactical and operations support.

The Defense Department said the modification extends a previously-awarded contract for Guided Multiple Launch Rocket System unitary rockets.

Work will occur in Grand Prairie; Lufkin, Texas; Camden, Ark.; and Ocala, Fla. through May 31, 2013 and the Army Contracting Command’s office at Redstone Arsenal, Ala. is the contracting activity.

Lockheed won an estimated $353 million contract in July 2012 to provide the launching systems to the Army and also is incorporating a new warhead under a $79.4 million contract.

The company says Army, Marine Corps and British forces use the Guided MLRS rockets in coalition operations.

The system contains an anti-jam and accuracy processor, according to Lockheed.

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