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Lockheed Books $199M Army Contract for MLRS Munitions Engineering Services

Lockheed Martin (NYSE: LMT) has received a potential five-year, $199.1 million contract from the U.S. Army to provide industrial engineering support services for the family of munitions used on the service branch’s Multiple Launch Rocket Systems.

Army Contracting Command will obligate $6.5 million in fiscal year 2010 foreign military sales funds and the service’s other procurement funds for FY 2023 and 2024, the Department of Defense said Monday.

Work on the cost-plus-fixed-fee, firm-fixed-price contract will occur in Texas, New Mexico, Alabama, Arkansas, Pennsylvania, Florida, Vermont, New Jersey, Arizona and Mississippi through Nov. 28, 2028.

In April, the aerospace and defense contractor secured a potential $4.8 billion contract to produce two full-production lots of Guided MLRS rockets and related equipment for the Army.

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