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Army Awards Lockheed Martin $562 Million For ATACMS, Including Sales To Bahrain, Poland And Romania

Matthew Beinart By
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Army Awards Lockheed Martin $562 Million For ATACMS, Including Sales To Bahrain, Poland And Romania
Lockheed Martin’s ATACMS

Lockheed Martin [LMT] has received a $562 million deal to provide Army Tactical Missile System (ATACMS) missiles to the Army as well as Bahrain, Poland and Romania, the Pentagon said Monday. The hybrid cost-plus-fixed-fee and fixed-price-incentive contract covers both new ATACMS as well as upgrading a selection of the existing weapons to the latest configuration under a service life extension program. "The new-build ATACMS rounds under this contract will include sensor technology that provides the recently qualified Height-of-Burst capability," Gaylia…

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