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

NSSA

National Security Space Association Adds Eight New Members to Board

The National Security Space Association has named eight new members to its board of directors. The appointments came a month after NSSA added Lester Lyles, a retired Air Force general, and Stephanie O'Sullivan, former principal deputy director of national intelligence, to the board, the association said Tuesday.

Tom Afferton, Northrop VP, to Moderate Panel During Potomac Officers Club’s Secure IT Modernization in Today’s Environment Virtual Event

Tom Afferton, vice president of civil solutions at Northrop Grumman, will serve as the moderator for the expert panel during Potomac Officers Club’s Secure IT Modernization in Today’s Environment Virtual Event on August 26th.