The Department of State has approved a potential $580 million foreign military sales request of Norway to buy 16 M142 High Mobility Artillery Rocket Systems and related equipment and services from the U.S. government.
The Defense Security Cooperation Agency said Friday Lockheed Martin (NYSE: LMT) will serve as the principal contractor in the proposed FMS deal, which includes M30A2 Guided Multiple Launch Rocket System Alternative Warhead pods with Insensitive Munitions Propulsion System and M57 Army Tactical Missile System pods.
The government of Norway will use the equipment from the proposed sale to enhance its artillery and mid-range fire capability, address existing and future threats and strengthen its interoperability with the U.S. and other allied forces.
The transaction also covers low cost reduced range practice rocket pods, integration support, interactive electronic technical manuals, spare parts, training, contractor logistics support, program support, transportation and technical assistance.
Up to eight U.S. government personnel and up to five contractor representatives will be required to travel to the Scandinavian country to conduct program management reviews.
DSCA informed Congress of the proposed transaction Friday.
