Home / Contract Awards / Lockheed Receives $829M Army FMS Contract for Multiple Launch Rocket Systems

Lockheed Receives $829M Army FMS Contract for Multiple Launch Rocket Systems

Lockheed Martin (NYSE: LMT) has secured a potential $828.7 million contract from the U.S. Army to produce Guided Multiple Launch Rocket Systems for Finland, South Korea and Romania.

The Defense Department said Friday. the full obligated amount at the time of award is from the Army’s fiscal 2016, 2017 and 2018 “other” procurement and foreign military sales funds.

Work will take place in Grand Prairie, Texas, through May 31, 2020.

The Army Contracting Command solicited and received one bid for the FMS contract.

GMLRS warheads are packaged in a launch pod and fired from Lockheed’s High Mobility Artillery Rocket System  or M270 family of rocket launchers.

Check Also

Northrop Lands Spot on $982M Army Cyber, Electronic Warfare Support IDIQ

Northrop Grumman (NYSE: NOC) has secured a spot on the U.S. Army’s potential $982M R4 …

Rumman Chowdhury, Global Lead for Ethical AI at Accenture, Discusses National AI Initiative

Rumman Chowdhury, Global Lead for Ethical AI for Accenture, is in Washington D.C. this week …