Aerospace Group:

Army

Lockheed Martin To Improve Protection, Upgrade MLRS Launchers

By Cal Biesecker

Wednesday, June 27th, 2012

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Lockheed Martin [LMT] yesterday said it received a $27.1 million Army contract for the first phase of a three-year development program to increase crew protection and update the service’s fleet of Multiple Launch Rocket System (MLRS) M270A1 mobile rocket launchers. Under this contract, Lockheed Martin will upgrade, assemble and test seven prototype vehicles. Phase one is expected to be followed by a production contract for the Army’s entire fleet of 225 vehicles. During the initial phase, Lockheed Martin will replace…

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