Lockheed Martin (LMT) Secures $289M Contract from U.S. Army & International Customers for High Mobility Artillery Rocket System Launchers

The U.S. Army awarded Lockheed Martin (NYSE: LMT) a $289 million contract to produce High Mobility Artillery Rocket System (HIMARS) launchers and associated hardware.

The contract calls for the production of 24 HIMARS launchers and associated equipment by July 2022. Lockheed Martin has delivered nearly 500 launchers for the U.S. Army and international customers. The HIMARS vehicles will be produced from the ground up at Lockheed Martin's award-winning Camden, Ark., Precision Fires Center of Excellence.

HIMARS is a lightweight mobile launcher, transportable via C-130 and larger aircraft for rapid deployment, that fires Guided Multiple Launch Rocket System (GMLRS) rockets and Army Tactical Missile System (ATACMS) missiles. HIMARS consists of a launcher loader module and fire control system mounted on a five-ton truck chassis. A specialized armored cab provides additional protection to the three crew members that operate the system.

Lockheed Martin's effectiveness and reliability combined with performance, interoperability, joint coalition operations and the added value of joint munitions procurement make HIMARS a sound option for nations seeking effective precision fires option for missions.

For more than 40 years, Lockheed Martin 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 GMLRS to domestic and international customers.

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