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Lockheed Martin awarded $197M Army contract for rocket production

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.