Lockheed Gets $471 Million to Make More Rockets


Last week, Lockheed Martin was on the receiving end of a $471 million contract to make more guided rockets for the U.S. Army.

The work will be done at Lockheed's facilities in Camden, Arkansas, and Dallas, Texas.

The projectiles are officially called Guided Multiple Launch System (GMLRS) rockets, and according to the company, the facility in Camden has already manufactured more than 30,000 of them.

The rockets are an all-weather design that deliver precision strikes beyond the reach of most conventional weapons.

The contract also called for production of more GMLRS Alternative Warhead rockets, GMLRS Unitary rockets, and Reduced-Range Practice Rockets. The practice rockets allow soldiers to train with realistic, full-motored rockets only with limited flight range so they can be used at smaller testing ranges.

The Army first ordered the Alternative Warhead rockets as part of a $227 million contract in September 2015. Since then, the Army also placed another rocket production order to the tune of $331.8 million in June 2016.

Lockheed plans to have the work completed by the summer of 2019.

Plant Expansions Show Manufacturing’s Diversified GrowthNext Story »