Home / Contract Awards / Lockheed Secures $161M Army Tactical Missile Service Life Extension Contract

Lockheed Secures $161M Army Tactical Missile Service Life Extension Contract

Lockheed Martin (NYSE: LMT) has landed a $161.4 million contract from the U.S. Army to produce 150 tactical missile systems and guided missile launch assemblies under the ATACMS GMLA Service Life Extension Program.

The Defense Department said Wednesday Lockheed will perform work in Texas, Arkansas, Vermont, Colorado, Connecticut, Florida, Missouri and Pennsylvania through Feb. 3, 2020.

The Army Contracting Command obligated the full contract amount at the time of award from the service branch’s fiscal 2017 procurement funds.

Lockheed manufactures the TACMS long-range, guided missile for the Army and allied forces.

Check Also

Carahsoft Adds AWS Offerings on GSA IT Schedule 70 Contract; Will Jones Quoted

Carahsoft Technology has expanded its role as an Amazon Web Services distributor by offering the AWS suite of cloud-based products and services via the General Services Administration's IT Schedule 70 contract vehicle.

AE Industrial Partners to Buy Rotocraft Services Provider Columbia Helicopters

Private equity firm AE Industrial Partners has agreed to acquire heavy-lift rotorcraft manufacturing and operations services provider Columbia Helicopters for an undisclosed amount. AEI said Thursday Columbia Helicopters CEO Steve Brandy will continue to serve in his position and Nancy Lematta will keep her majority share as part of the transaction.