Lockheed Awarded $255M to Build Guided Rockets

lockheed martinLockheed Martin (NYSE: LMT) will produce lot nine of the Guided Multiple Launch Rocket System Unitary rocket for the U.S. Army, Marine Corps and Italy under a $255 million contract.

The company said Thursday that the GMLRS is a long-range, all-weather rocket designed to launch from either the High Mobility Artillery Rocket System or M270 system.

GMLRS is a joint program U.S., Italy, France, Germany and the U.K. with additional international customers such as Japan,  Jordan,  Singapore and the United Arab Emirates.

Work under the contract will occur in Camden, Ark. and Dallas for delivery starting in April 2015.

The Lockheed facility in Camden is a recipient of the 2012 Malcolm Baldrige National Quality Award and the Shingo Silver Medallion Award for Operation Excellence.

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