Lockheed Awarded $1.13B Army Contract for Lot 14 Guided Multiple Launch Rocket Systems

Lockheed Martin (NYSE: LMT) a potential $1.13B contract to manufacture lot 14 Guided Multiple Launch Rocket Systems and associated equipment for the U.S. Army and foreign military sales customers.

The company said Thursday it will produce 9.5K unitary and alternative warhead rockets and more than 300 reduced-range practice rockets as well as provide logistics support through the contract.

In a separate announcement, the Department of Defense said $1.08B were obligated at the time of award from the Army other procurement and FMS funds.

GMLRS is configured with precision strike features and fired from Lockheed-built M270 or HIMARS launcher platforms.

The AW rockets are intended for area targets and do not produce effects resulting from unexploded ordnance. Unitary rockets focus primarily on combat functionality.

The full-motored RRPR technology has a limited flight capacity and is suitable for small testing ranges.

“Our primary focus with GMLRS is to continue producing these combat-proven munitions at a rate that meets the demands of our customers,” said Gaylia Campbell, vice president of precision fires and combat maneuver systems at Lockheed’s missiles and fire control division.

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