Deal is part of $227 Million GMLRS Rocket Production Contract
DALLAS, - Lockheed Martin (NYSE: LMT) received a $227 million contract from the U.S. Army for Lot 10 production of the Guided Multiple Launch Rocket System (GMLRS) Unitary, and the first order of GMLRS Alternative Warhead production.
"GMLRS is a combat proven precision-strike system," said Ken Musculus, vice president of Tactical Missiles for Lockheed Martin Missiles and Fire Control. "We are confident that the new GMLRS Alternative Warhead will also provide reliable, highly accurate capability for our domestic and international customers."
Included in the contract is a U.S. government Foreign Military Sale of GMLRS Unitary rockets to Bahrain and the United Arab Emirates.
GMLRS is an all-weather rocket designed for fast deployment that delivers precision strike beyond the reach of most conventional weapons. GMLRS Unitary rockets greatly exceed the required combat reliability rate and have established a reputation for affordability.
The Alternative Warhead is designed to engage the same target set and achieve the same area-effects requirement as the old MLRS submunition warheads, but without the lingering danger of unexploded ordnance. MLRS rockets with submunition warheads ended production approximately seven years ago.
In combat operations, each GMLRS rocket is packaged in an MLRS launch pod and is fired from the Lockheed Martin HIMARS or M270 family of launchers. GMLRS customers include the U.S., France, Germany, Italy, U.K., Japan, Jordan, Singapore, Bahrain and the UAE.
Production on the contract will be carried out at Lockheed Martin's award-winning facility in Camden, Arkansas. Lockheed Martin has produced more than 25,000 GMLRS rockets at Camden, which has received more than 60 awards over the last decade, including the 2012 Malcolm Baldrige National Quality Award and the Shingo Silver Medallion Award for Operation Excellence.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 112,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2014 were $45.6 billion.
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