Lockheed Martin (NYSE: LMT) has received a potential two-year, $471.7 million foreign military sales contract from the U.S. Army to manufacture full-rate production 12 Multiple Launch Rocket System components for France, Germany, Finland and Singapore.
Lockheed’s missile and fire control business will deliver 2,868 guided MLRS alternative warhead rockets, 648 unitary warhead rockets, 370 reduced-range practice rocket pods and logistics support services under the fixed-price-incentive contract, the Defense Department said Thursday.
The company will perform work in Grand Prairie, Texas, through July 31, 2019.
The Army Contracting Command will obligate $171.7 million from fiscal 2017 other funds at the time of award.
MLRS is an automatic mobile platform that works to fire surface-to-surface missiles and rockets and has been fielded in 14 countries.