Breaking news
Lockheed Martin receives $353 Million U.S. Army contract for guided MLRS rockets 2007124.
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Defense Industry News - Lockheed Martin |
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Friday, July 20, 2012, 12:04 AM | |||
Lockheed Martin receives $353 Million U.S. Army contract for guided MLRS rockets. | |||
Lockheed
Martin [NYSE: LMT] has received a $353.2 million U.S. Army follow-on contract
for the seventh production lot of Guided Multiple Launch Rocket System
(GMLRS) Unitary rockets. Designed for destroying targets at ranges up
to 70 kilometers, GMLRS is an all-weather, rapidly deployable, long-range
rocket that delivers precision strike beyond the range of most conventional
weapons. GMLRS Unitary rockets have achieved a combat-reliability rate
of 98 percent and have established a reputation for affordability. |
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Rockets from this
production lot will be supplied to the U.S. Army and U.S. Marine Corps,
and to the armies of Italy, Jordan and Singapore. This contract represents
Italy’s first purchase of GMLRS rockets. Deliveries are scheduled
to begin in December 2013, with work performed at the company’s
facilities in Camden, Ark., and Dallas. |
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