
Lockheed Martin [LMT] said Monday it selected Honeywell [HON] to supply control actuation system for its Guided Multiple Launch Rocket System - Extended Range program through 2020.Honeywell received the supplier contract to provide its precise delivery control unit for Lockheed Martin’s GMLRS extended range effort, which would increase the range of its rocket system out to 150 or more kilometers.“Work performed under the multiyear contract will enable rockets from Lockheed Martin’s advanced missile system to effectively control and steer their…