Lockheed Martin Wins $227M Rocket Contract from US Army
Lockheed Martin Missiles & Fire Control ("MFC") has won a $226.9 million foreign military sales contract from the US Army for the procurement of several rockets.
The rockets included in the procurement are the unitary rocket, reduced range practice rockets and alternate warhead rockets. Contract work is expected to be complete by Jun 2, 2017.
President Barack Obama's proposed budget allocates $9.6 billion for missile defense in fiscal 2016. The FY16 budget proposal emphasizes on missile defense, space systems, cyber security, Intelligence Surveillance Reconnaissance ("ISR"), advanced sensors, communications and munitions.
Lockheed Martin enjoys a steady stream of contracts from the US Department of Defense, even in this tepid budget scenario.
Recently, the company has won a $735.5 million contract for the maintenance and operation of several communication satellites belonging to the US military.
Lockheed Martin Wins $72 Million Contract to Support US Coast Guard C4ISR...
Lockheed Martin Wins $174 Million Tactical Missile System Contract For UAE
230 Health Worker Deaths, 187 Attacks on Healthcare in Lebanon amid Israel-Hezbollah
Milrem Robotics Partners with Texelis to Develop Robotic Combat Vehicles
Croatia Signs Agreement to Acquire Bayraktar TB2 Drones from Turkey
U.S. Marine Corps Awards Anduril $200M Contract for Counter-Drone System
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...