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.
America has no tolerance for wealthy people griping about their financial woes. But they have concerns too.