Lockheed Martin Gets $861.3M U.S. Army Rocket-System Pact

By Mary de Wet

 

Lockheed Martin was awarded an $861.3 million contract to produce High Mobility Artillery Rocket Systems for the U.S. Army.

The U.S. Defense Department solicited bids via the internet and received one bid.

The work under the contract is expected to be completed by May 31, 2026.

Lockheed ramped up production of High Mobility Artillery Rocket Systems in its first quarter, which helped boost net sales for its Missile and Fire Control division.

 

Write to Mary de Wet at [e-mail]

 

(END) Dow Jones Newswires

05-08-24 1827ET