DODOtherDefense & SecurityOctober 31, 2022

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

  1. 01Funds GMLRS and practice rocket production (Lot 19)
  2. 02Awarded to Lockheed Martin Corporation in Texas
  3. 03Contract valued at approximately $2.5 billion, running through 2027
  4. 04GMLRS provides precision-guided rocket artillery capability
  5. 05Continued high production rates reflect strong demand

Award Details

Start Date

Oct 31, 2022

End Date

Nov 30, 2027

Category

Defense & Security

State

TX

Award Type

Other

Quick Summary

Amount
$2.5B
Agency
Department of Defense
Recipient
LOCKHEED MARTIN CORPORATION
Type
Other

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