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US Army Awards $4.79 Billion Production Contract for All-Weather GMLRS RocketDALLAS, April 27, 2023 – The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a Not-to-Exceed $4.79 billion contract to manufacture two full-rate production lots of GMLRS rockets and associated equipment. “We are working closely with our Army customer and supply chain partners, who are moving with unprecedented speed, to ramp production capacity supporting the urgent need for this highly-reliable, combat-proven rocket,” said Jay Price, vice president of Precision Fires for Lockheed Martin Missiles and Fire Control. The munition is the primary round for the Lockheed Martin produced HIMARS and MLRS family of launchers and features a Global Positioning System (GPS) aided inertial guidance package and small maneuvering canards on the rocket nose,which add maneuverability to enhance the accuracy of the system. “It’s the right round for many missions.”Work will be performed at the Lockheed Martin facilities in Camden, Arkansas; Dallas and Lufkin, Texas; Archbald, Pennsylvania and Orlando, Florida, and will be completed in 2026. About Lockheed MartinHeadquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 116,000 people worldwide and is principally engaged in the research, design, development, manufacture,integration and sustainment of advanced technology systems, products and services.
