US Army Tactical Missile Modernization Contract For Lockheed Martin

Lockheed Martin received a $78 million contract from the U.S. Army for upgrades to the Army Tactical Missile System (ATACMS).

The program will take hardware from early-production ATACMS Block 1 missiles and develop an enhanced and affordable weapon system capable of eliminating targets without the risk of unexploded ordnance, which meets the U.S. Army's long-range precision strike requirement.

The program's first phase will include flight tests, followed by production beginning in 2016. Work will be performed at Lockheed Martin facilities in Camden, Arkansas, and Dallas.

As the U.S. Army's only tactical long-range precision strike surface-to-surface weapon, ATACMS provides critical military capabilities. More than 560 ATACMS missiles have been fired in combat and the system has demonstrated extremely high rates of accuracy and reliability.

Each ATACMS missile is packaged in a Guided Missile Launch Assembly pod and is fired from the Multiple Launch Rocket System (MLRS) family of launchers