LM Receives $61 M for Guided MLRS Unitary Rockets

(Dallas, TX., August 27, 2008) -- Lockheed Martin [NYSE: LMT] has received a $61 million follow-on contract for Guided Multiple Launch Rocket System (MLRS) Unitary rockets. To date, more than 850 GMLRS rockets have been fired in the Global War on Terror.

Work on the contract will be performed at the company's facilities inCamden, AR, and Dallas, TX. Deliveries will begin in May 2010 and conclude in July of that year.

"GMLRS delivers precision when Warfighters need it most, especially effective in urban areas," said Lt. Col. Drew Clanton, the GMLRS product manager at the U.S. Army's Precision Fires, Rockets and Missiles program management office in Huntsville, AL. "The system's readiness rates support the consistent quality we expect, and its accuracy helps keep civilians out of harm's way."

GMLRS provides the U.S. Army, U.S. Marine Corps and the United Kingdom Defense Forces with a persistent, responsive, all-weather, rapidly-deployable, long range, surface-to-surface, precision strike weapon. Reliability of U.S. Army GMLRS missions exceeds 98 percent.

"Soldiers continue to tell us how satisfied they are with GMLRS, because it's ready when it needs to be and can hit precision targets from 85 kilometers away, a new distance record recently recorded at tests at White Sands Missile Range," said Scott Arnold, vice president for Precision Fires and Combat Maneuver Systems at Lockheed Martin Missiles and Fire Control. "Just as in previous orders, we are committed to delivering GMLRS to the quality and dependability on which our customers have come to rely."

Source : Lockheed Martin

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