Lockheed Martin Wins $364 Million Contract For Army Tactical Missile Systems

Lockheed Martin announced a $364 million production contract for Army Tactical Missile System (ATACMS) missiles for the U.S. Army and a Foreign Military Sales customer.

The program will allow the military services to upgrade their existing Block 1 missiles with new technology and double the range, while extending the missiles' shelf life by more than 10 years and providing warfighters the latest surface-to-surface missile capability.

Both the SLEP and new ATACMS rounds will be produced at Lockheed Martin's Precision Fires Production Center of Excellence in Camden, Arkansas. All missiles under this contract are scheduled to be delivered by January 2021.

ATACMS system has demonstrated extremely high rates of accuracy and reliability while in theater. Each ATACMS missile is packaged in a Guided Missile Launch Assembly pod, and is fired from the Multiple Launch Rocket System (MLRS) family of launchers.