
The U.S. Army awarded Lockheed Martin [LMT] at $78 million contract for modernization and upgrades to the Army Tactical Missile System (ATACMS), the company said on Wednesday.The contract is set to take hardware from early-production ATACMS Block 1 missiles and “develop an enhanced and affordable weapon system capable of eliminating targets without the risk on unexploded ordnance,” the company said. These factors are to meet the Army’s long-range precision strike requirement.The first phase of the program is to include flight…