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Army

Lockheed Martin Receives Contract For Seventh Production Lot of GMLRS Unitary

By Cal Biesecker

Friday, July 20th, 2012

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Lockheed Martin [LMT] yesterday said it has received a $353.2 million Army follow-on contract for the seventh production lot of Guided Multiple Launch Rocket System (GMLRS) Unitary rockets. Designed to destroy 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. Rockets from this production lot…

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