Lockheed Martin Corp., Grand Prairie, Texas, was awarded a $194,121,470 hybrid (cost-plus-fixed-fee and fixed-price-incentive) contract to recapitalize Multiple Launch Rocket Systems into the M270A2 configuration. Bids were solicited via the internet with one received. Work will be performed in Camden, Arkansas; Grand Prairie, Texas; and New Boston, Texas, with an estimated completion date of Sept. 30, 2027. Fiscal 2023 missile procurement, Army funds; fiscal 2022 Foreign Military Sales (United Kingdom); and fiscal 2023 Foreign Military Sales (Italy) funds in the amount of $194,121,470 were obligated at the time of the award. U.S. Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity (W31P4Q-23-C-0032).