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Lockheed Martin Announces $161M Army Contract

1 min read

Lockheed Martin on Monday announced that it has received a $161 million U.S. Army production contract for the Army Tactical Missile System (ATACMS) missile.

The missiles will be produced at the company’s Precision Fires Production Center of Excellence in Camden.

The contract, which is the first of its kind, calls for the production of 150 ATACMS missiles as part of the ATACMS Service Life Extension Program. The program takes existing missiles and refurbishes them.

As part of the program, a modernization process disassembles and demilitarizes ATACMS Block 1 and 1A warheads, replacing them with a new unitary warhead, according to a news release. The process also resets the missile’s shelf life of 10-plus years.

ATACMS is the U.S. Army’s only tactical long-range precision strike surface-to-surface weapon system. ATACMS missiles can be fired from the entire family of Multiple Launch Rocket System (MLRS) launchers.

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