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Lockheed Gains $371.6 Million Contract For GMLRS Program

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The Army gave Lockheed Martin Corp. [LMT] a $371.6 million firm fixed price contract for further work in the Guided Multiple Launch Rocket System (GMLRS) Full Rate Production IV initial program. The company will provide 3,780 unitary and 4,782 RRPRs GMLRS rockets. Work is to be performed in Grand Prairie, Texas; East Camden, Ark.; and Orlando, Fla., with an estimated completion date of Dec. 22. One bid was solicited and one bid received by the Army Aviation & Missile Command…

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