Lockheed Martin Receives $353 Million U.S. Army Contract for Guided MLRS rockets
Lockheed Martin (NYSE: LMT) has received a $353.2 million U.S. Army follow-on contract for the seventh production lot of Guided Multiple Launch Rocket System (GMLRS) Unitary rockets.
Designed for destroying targets at ranges up to 70 kilometers, GMLRS is an all-weather, rapidly deployable, long-range rocket that delivers precision strike beyond the range of most conventional weapons. GMLRS Unitary rockets have achieved a combat-reliability rate of 98 percent and have established a reputation for affordability.
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