DALLAS, TX, August 27th, 2008 — Lockheed Martin [NYSE: LMT] has received a USD 61 000 000 follow-on contract for Guided Multiple Launch Rocket System (MLRS) Unitary rockets. To date, more than 850 GMLRS rockets have been fired in the Global War on Terror.

Work on the contract will be performed at the company’s facilities inCamden, AR, and Dallas, TX. Deliveries will begin in May 2010 and conclude in July of that year.

“GMLRS delivers precision when Warfighters need it most, especially effective in urban areas,” said Lt. Col. Drew Clanton, the GMLRS product manager at the U.S. Army’s Precision Fires, Rockets and Missiles program management office in Huntsville, AL. “The system’s readiness rates support the consistent quality we expect, and its accuracy helps keep civilians out of harm’s way.”

This entry was posted on Thursday, August 28th, 2008 at 9:58 am and is filed under Risks News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Source: Lockheed Martin Receives $61 Million Contract for Guided MLRS Unitary Rockets

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