Lockheed Martin awarded $197M Army contract for rocket production

theflyonthewall.com

Lockheed Martin announced receipt of a $197M contract option from the U.S. Army for Guided Multiple Launch Rocket System Unitary rocket production. This contract option was attached to the GMLRS Production Lot 7 contract, which now has a total funded value of $550.8M. The GMLRS Production Lot 7 contract was originally awarded to Lockheed Martin in July 2012. This move enables the service to pay less for each rocket than if a separate 2013 production contract were issued, Lockheed said.

Rates

View Comments (0)