Lockheed Awarded $143M to Build Mobile Rocket Launcher Systems for UAE

lockheed martinThe U.S. Army has awarded Lockheed Martin (NYSE: LMT) a potential two-year, $142.8 million foreign military sales contract to manufacture multiple rocket launchers equipped with crew protection cabs for the United Arab Emirates.

The firm-fixed-price contract covers 12 armored High Mobility Artillery Rocket Systems, spares, software and training and upgrade services, the Defense Department said Wednesday.

Lockheed will perform work through Dec. 30, 2017 in Camden, Arkansas, and Dallas.

DoD noted the obligated amount of $28.6 million at the time of award is from the Army’s other funds for fiscal 2016.

HIMARS comprises six guided MLRS rockets or one missile system mounted on a wheeled tactical ground vehicle and works to defend military users from multiple threats.

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