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  • Thursday, November 21, 2024

Lockheed to Supply GMLRS Rocket Pods Under Gets $2.76B Army Contract

Lockheed Martin (NYSE: LMT) has received a potential $2.76 billion contract from the U.S. Army to provide rocket pods for the service’s Guided Multiple Launch Rocket Systems.

The company will supply low-cost reduced range practice, unitary and alternative warhead rocket pods for GMLRS, cybersecurity and integrated product support services under the cost-plus-fixed-fee, firm-fixed-price contract, the Department of Defense said Friday.

Army Contracting Command received one offer for the hybrid contract and expects work to run through Oct. 31, 2024. The service will obligate funds and announce work locations upon award of each task order.

GMLRS munitions offer surface-to-surface, precision strike capability and can be fired from High Mobility Artillery Rocket System and M270 launchers.

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