Lockheed Martin secures $364 million missile contract

Global security and aerospace company Lockheed Martin has been awarded a 364 million contract to produce Army missiles, the company announced Monday.

The production agreement for Army Tactical Missile System (ATACMS) missiles also applies to a Foreign Military Sales customer.

The service life-extension program (SLEP) and new ATACMS rounds will be produced at Lockheed Martin’s Precision Fires Production Center of Excellence in Camden, Arkansas, officials said, with all missiles under the contract scheduled to be delivered by January 2021.

The program will allow military services to upgrade their existing Block 1 missiles with new technology and double the range while extending the missiles’ shelf life by more than 10 years and providing warfighters the latest surface-to-surface missile capability.

Lockheed Martin has produced more than 3,850 ATACMS missiles. More than 600 ATACMS have been fired in combat, and the system has demonstrated extremely high rates of accuracy and reliability while in theater. Each ATACMS missile is packaged in a Guided Missile Launch Assembly pod and is fired from the Multiple Launch Rocket System (MLRS) family of launchers.

Lockheed Martin Missiles and Fire Control have been the leading designer and manufacturer of long-range, surface-to-surface precision strike solutions, for more than 40 years, per officials, providing highly reliable, combat-proven systems like MLRS, High Mobility Artillery Rocket System, ATACMS and GMLRS to domestic and international customers.