Lockheed Awarded $227M for Army Guided Rocket System Units; Ken Musculus Comments

lockheed martinLockheed Martin Corp. (NYSE: LMT) has been awarded a $227 million contract to produce another batch of guided multiple launch rocket system units for the U.S. Army.

The contract also includes the first order of GMLRS alternative warheads for the Army, and Bahrain and the United Arab Emirates through a foreign military sales program, Lockheed said Tuesday.

Lockheed will carry out the production at its facility in Camden, Arkansas.

“We are confident that the new GMLRS alternative warhead will also provide reliable, highly accurate capability for our domestic and international customers, ” said Ken Musculus, vice president of tactical missiles for Lockheed.

The warhead is designed to avoid the risk of unexploded ordnance when it engages the target.

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