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Army

Lockheed Martin Wins $78 Million U.S. Army Contract For ATACMS Modernization

Wednesday, January 7th, 2015

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Lockheed Martin Wins $78 Million U.S. Army Contract For ATACMS Modernization

The launch of an Advanced Tactical Missile System (ATACMS) unit. Photo: Lockheed Martin

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…

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