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McAleese & Associates: FY 2020 Navy, Marine Corps Budget Request Totals $206B

A report by consulting firm McAleese & Associates says the Navy and the Marine Corps requested a total budget of $206B for fiscal year 2020. The Navy’s FY 2020 budget request includes $20.4B in research, development, test and evaluation funds for several programs: unmanned surface vessels and unmanned underwater vehicles; directed energy; conventional …

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Lockheed to Modify Army Rocket Hardware Design Under $238M Contract

The U.S. Army awarded Lockheed Martin (NYSE: LMT) a $237.5M contract to perform hardware design modification on the Guided Multiple Launch Rocket System. Lockheed will also support the qualification process for the modified GMLRS design under the fixed-price-incentive contract, the Department of Defense said Friday. Work is scheduled to occur through …

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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 …

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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 …

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Army Picks Lockheed Rocket Pods for $332M FMS to Israel, Finland, Jordan, Singapore

Lockheed Martin (NYSE: LMT) will provide the U.S. Army various rocket pods for Israel, Finland, Jordan and Singapore under a $331.8 million foreign military sales contract. The Defense Department said Thursday Lockheed’s missile and fire control business will supply 290 Guided Multiple Launch Rocket System alternative warhead rocket pods, 34 GMLRS unitary rocket pods and …

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Orbital ATK, Aerojet to Test Lockheed-Built Rocket’s Propulsion System

TYSONS CORNER, VA, March 8, 2016 — Orbital ATK (NYSE: OA) and Aerojet Rocketdyne have received separate contracts from the U.S. Army to test propulsion systems for the Lockheed Martin-built (NYSE: LMT) Guided Multiple-Launch Rocket System, ExecutiveBiz reported Monday. The Defense Department said Friday the Army awarded a $17.8 million contract to …

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Army Fires Lockheed-Built Missiles in Tactical Munitions Test

TYSONS CORNER, VA, November 10,  2015 — The U.S. Army has test-fired Lockheed Martin‘s (NYSE: LMT) Guided Multiple Launch Rocket System and Army Tactical Missile System during a tactical munitions reliability activity in New Mexico, ExecutiveBiz reported Monday. The company said Monday the Army fired eight GMLRS and one ATACMS from the High Mobility Artillery Rocket …

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Lockheed Awarded $227M for Army Guided Rocket System Units; Ken Musculus Comments

Lockheed Martin Corp. (NYSE: LMT) has been awarded a $227 million contract to produce another batch of guided multiple launch rocket system units for the U.S. Army. The contract also includes the first order of GMLRS alternative warheads for the Army, and Bahrain and the United Arab Emirates through a foreign …

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State Dept Approves $192M Rocket Sale to Jordan

The State Department has approved a proposed $192 million foreign military sale of Lockheed Martin‘s (NYSE: LMT) M31 Unitary Guided Multiple Launch Rocket Systems with related components and services to Jordan. The Defense Security Cooperation Agency said Thursday that Jordan has ordered 72 GMLRS rocket pods, spare and repair parts, associated equipment and logistics, systems integration and training …

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