Hello, Guest!
  • Sunday, November 24, 2024

Lockheed Unit Books $106M Contract to Support Army Missile Launch System Logistics

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a three-year, $106.3M contract to provide industrial engineering support to contractor-facilitated international logistics operations for the Multiple Launch Rocket System.

The service branch received one bid for the cost-plus-fixed-fee, firm-fixed-price contract and will obligate $9.6M in fiscal 2020 other procurement funds at the time of award, the Department of Defense said Wednesday.

The company's missile and fire control unit will perform work in Grand Prairie, Texas, through May 26, 2023.

Lockheed designed the MLRS to automatically fire surface-to-surface missiles and rockets, including two Army Tactical Missile System weapons or 12 MLRS rockets.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

Kristen McLeod Promoted to Calibre Systems EVP, CFO Executive Moves

Kristen McLeod Promoted to Calibre Systems EVP, CFO

Kristen McLeod, most recently senior vice president of finance and accounting and controller at Calibre Systems, has assumed the roles of executive VP and chief financial officer at the Alexandria, Virginia-based management consulting and digital transformation company. In this capacity, she will serve as a corporate officer and fiscal strategist and continue to offer insights