Lockheed Martin received a $197 million contract option from the U.S. Army for Guided Multiple Launch Rocket System (GMLRS) Unitary rock...
Lockheed Martin received a $197 million contract option from the U.S. Army for Guided Multiple Launch Rocket System (GMLRS) Unitary rocket production.
This contract option was attached to the GMLRS Production Lot 7 contract, which now has a total funded value of $550.8 million.
The GMLRS Production Lot 7 contract was originally awarded to Lockheed Martin in July2012. This move enables the service to pay less for each rocket than if a separate 2013 production contract were issued.
The new allotment of rockets will be delivered to the U.S. Army and Marine Corps beginning in September 2014.
Work will be performed at the Lockheed Martin facilities in Camden, Ark., and Dallas.
GMLRS is an all-weather, long-range rocket designed for fast deployment that delivers precision strike beyond the reach of most conventional weapons.
