State Department Clears Finland's $395M FMS Request for Updated Multiple Launch Rocket Systems

The State Department has approved Finland’s request to purchase Multiple Launch Rocket Systems with an updated configuration and related equipment from the U.S. government under a potential $395 million foreign military sale deal.

Finland has requested services to modernize its M270A1 MLRS fleet into the M270A2 model to enhance interoperability with U.S. and allied forces, the Defense Security Cooperation Agency said Tuesday.

The updated system will include intercom hardware, machine gun and radio communication mounts, a battle management system vehicle integration kit, publications for MLRS, spares and program and logistics support services.

Lockheed Martin (NYSE: LMT), Chelton, Leonardo DRS (Nasdaq: DRS) and Loc Performance Products will serve as principal contractors on the proposed sale.

If executed, the transaction would not require the deployment of government or contractor representatives to Finland.

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