Lockheed Martin Wins $4.23B Contract for Guided Multiple Launch Rocket System Production
ByAinvest
Thursday, Aug 14, 2025 6:31 pm ET1min read
LMT--
The U.S. Army awarded the contract to Lockheed Martin's Grand Prairie, Texas facility, following an internet solicitation that received one bid. The contract modification brings the total value of the GMLRS contract to $13.26 billion, with the initial contract valued at $9.03 billion [2]. The production of the GMLRS rockets is a critical component of the Army's modernization efforts, enhancing its capabilities in long-range precision fires.
Lockheed Martin's success in securing this substantial contract highlights the company's strong position in the defense industry. The contract includes both cost-plus-incentive-fee and firm-fixed-price components, with funding coming from fiscal years 2023, 2024, and 2025 procurement funds. The company's ability to deliver high-quality, mission-critical systems on time and within budget will be crucial for maintaining the Army's operational readiness.
References:
[1] https://www.investing.com/news/stock-market-news/lockheed-martin-secures-over-42-billion-for-rocket-system-production-93CH-4194067
[2] https://www.defensedaily.com/army-awards-lockheed-martin-4-24-billion-deal-for-gmlrs-production/army/
Lockheed Martin has been awarded a $4.23 billion modification to a U.S. Army contract for production of the Guided Multiple Launch Rocket System. The total cumulative face value of the contract is $13.26 billion. Bids were solicited via the internet, with one offer received. The contract is for the production and delivery of up to 400 Guided Multiple Launch Rocket System (GMLRS) rockets, and work is expected to be completed by August 2025.
Lockheed Martin has been awarded a $4.23 billion modification to a U.S. Army contract for the production of the Guided Multiple Launch Rocket System (GMLRS). The total cumulative face value of the contract is now $13.26 billion [1]. The contract, which was solicited via the internet and received one bid, is for the production and delivery of up to 400 GMLRS rockets. Work is expected to be completed by August 2025.The U.S. Army awarded the contract to Lockheed Martin's Grand Prairie, Texas facility, following an internet solicitation that received one bid. The contract modification brings the total value of the GMLRS contract to $13.26 billion, with the initial contract valued at $9.03 billion [2]. The production of the GMLRS rockets is a critical component of the Army's modernization efforts, enhancing its capabilities in long-range precision fires.
Lockheed Martin's success in securing this substantial contract highlights the company's strong position in the defense industry. The contract includes both cost-plus-incentive-fee and firm-fixed-price components, with funding coming from fiscal years 2023, 2024, and 2025 procurement funds. The company's ability to deliver high-quality, mission-critical systems on time and within budget will be crucial for maintaining the Army's operational readiness.
References:
[1] https://www.investing.com/news/stock-market-news/lockheed-martin-secures-over-42-billion-for-rocket-system-production-93CH-4194067
[2] https://www.defensedaily.com/army-awards-lockheed-martin-4-24-billion-deal-for-gmlrs-production/army/
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