February 16, 2022 | International, Aerospace
June 25, 2019 | International, Aerospace
U.S. Army Awards Lockheed Martin $561.8 Million Contract For ATACMS® Missiles
SOURCE Lockheed Martin
DALLAS, June 25, 2019 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) received a $561.8 million production contract for Army Tactical Missile System (ATACMS) missiles for the U.S. Army and Foreign Military Sales (FMS) customers.
The two-year effort contract calls for new ATACMS rounds, as well as upgrading several previous-variant ATACMS as part of the Service Life Extension Program (SLEP III).
"The new-build ATACMS rounds under this contract will include sensor technology that provides the recently qualified Height-of-Burst capability," said Gaylia Campbell, vice president of Precision Fires & Combat Maneuver Systems at Lockheed Martin Missiles and Fire Control. "This new feature will allow Soldiers to address area targets at depth on the battlefield."
Both the SLEP and new ATACMS rounds will be produced at Lockheed Martin's Precision Fires Production Center of Excellence in Camden, Arkansas. To meet the increased demand for ATACMS, Lockheed Martin is expanding its Camden manufacturing facilities to include the capability to produce ATACMS and other upcoming missiles.
For more than 40 years, Lockheed Martin Missiles and Fire Control has been the leading designer and manufacturer of long-range, surface-to-surface precision strike solutions, providing highly reliable, combat-proven systems like MLRS, HIMARS, ATACMS and Guided MLRS to domestic and international customers.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
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November 16, 2021 | International, Aerospace, Naval, Land, C4ISR, Security
Contracts for November 15, 2021
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June 25, 2020 | International, Naval
US Navy announces intent to ink $10B in contracts for first 2 Columbia subs
By: David B. Larter WASHINGTON — The U.S. Navy is poised to ink almost $10.4 billion in contracts with General Dynamics Electric Boat to procure the first two Columbia-class ballistic missile submarines, which carry more than a dozen nuclear missiles on constant deterrent patrols. The announcement, released by the Defense Department Monday afternoon, detailed an award of $869 million to Electric Boat to complete design work on the subs as part of a contract modification. The announcement also establishes the Navy's intent to award an additional $9.5 billion for the first two hulls, which will happen once Congress officially approves the two-ship buy and appropriates the money. “The intent would be to award that option as soon as possible after the FY21 appropriation to ensure we keep this No. 1 priority on track,” said James Geurts, the Navy's assistant secretary for research, development and acquisition. “That will allow us to begin full-rate construction of the first ship, begin advanced construction on the second ship, with the intent of beginning construction of the second ship in 2024.” The first ship is slated for a 2028 deliver and to go on its first patrol in 2031. The total buy is planned for 12 submarines. In a statement Rep. Joe Courntey, D-Conn., who represents the Electric Boat's district, praised the announcement, saying it was years in the making. “This award is the culmination of nearly a decade's worth of preparation for this milestone moment for our region and our nation,” Courntey said. “The replacement of our sea-based strategic deterrent comes only once every other generation, and this work is already fueling unprecedented growth in the workforce in Groton and transformation of the shipyard.” The Columbia-class subs are the Navy's top acquisition priority, and a monstrously expensive one at that. All in, the program will cost roughly $109 billion, according to a recent Congressional Research Service report, and the service faces an enormous challenge in balancing the rest of the fleet's priorities with the Columbia bill. https://www.defensenews.com/naval/2020/06/22/us-navy-announces-intent-to-ink-10-billion-in-contracts-for-first-2-columbia-subs/