LM Receives $80 M for Combat-Proven ATACMS Missiles
(Dallas, TX., August 21, 2008) -- Lockheed Martin [NYSE: LMT] has received an $80 million contract from the U.S. Army Aviation & Missile Command for additional Army Tactical Missile System (ATACMS) Unitary missiles, a move that will bolster the nation's long-range tactical missile reserve.
Deliveries for this order will begin in August 2010 and conclude in March 2011. Work will be conducted at the company's facilities in Dallas and Horizon City, TX.
"ATACMS is a combat-proven, lethal asset in the War on Terror," said Lt. Col. Drew Clanton, the ATACMS product manager at the U.S. Army's Precision Fires, Rockets and Missiles Program Management Office in Huntsville, AL. "Its accuracy and lethality continues to be demonstrated in theater against high-value targets."
"ATACMS' accuracy and range enables our Warfighters to engage targets over large distances," said Scott Arnold, vice president for Precision Fires and Combat Maneuver Systems at Lockheed Martin Missiles and Fire Control. "It's clear that our customers depend on ATACMS to carry out their most challenging missions."
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