GUIDED MULTIPLE LAUNCH ROCKET SYSTEM (GMLRS) AND LOW COT REDUCED RANGE PRACTICE ROCKET (LCRRPR) FY24 FULL RATE PRODUC...
$2,503,119,522
AI Summary
This $2.5 billion contract funds full rate production of Guided Multiple Launch Rocket Systems (GMLRS) and Low Cost Reduced Range Practice Rockets (LCRRPR) for fiscal year 2024. Lockheed Martin in Texas produces these precision-guided rockets, which have been in high demand as a proven, accurate artillery system.
Key Points
- 01Funds GMLRS and practice rocket production (Lot 19)
- 02Awarded to Lockheed Martin Corporation in Texas
- 03Contract valued at approximately $2.5 billion, running through 2027
- 04GMLRS provides precision-guided rocket artillery capability
- 05Continued high production rates reflect strong demand
Award Details
Official Source
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Quick Summary
- Amount
- $2.5B
- Agency
- Department of Defense
- Recipient
- LOCKHEED MARTIN CORPORATION
- Type
- Other
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