Camden To Benefit From Lockheed Martin $255 Million Contract

by Talk Business & Politics staff ([email protected]) 79 views 

Lockheed Martin has received a $255 million contract from the U.S. Army which will benefit the company’s Camden, Arkansas facility.

The contract is for a Guided Multiple Launch Rocket System (GMLRS) Unitary rocket. The new allotment of rockets will be delivered to the U.S. Army, Marine Corps and Republic of Italy. Delivery will begin in April 2015.

The company said work will be performed at the Lockheed Martin facilities in Camden and Dallas, Texas.

“We are proud of the continued confidence our customers place in Lockheed Martin,” said Ken Musculus, vice president of tactical missiles at Lockheed Martin Missiles and Fire Control. “Guided MLRS is a weapon that is trusted and proven in combat, and we will continue to deliver a reliable product.”

GMLRS is an all-weather rocket designed for fast deployment that delivers precision strike beyond the reach of most conventional weapons.

Lockheed Martin has produced more than 25,000 GMLRS rockets at its facility in Camden.