Lockheed Martin awarded $226.85M Army contract

Lockheed Martin was awarded a $226.85M hybrid contract for procurement of Army Tactical Missile System guided missile and launching assembly. Bids were solicited via the internet with one received. Work will be performed in Grand Prairie, Texas, with an estimated completion date of December 30, 2028. FY24 Foreign Military Sales funds in the amount of $226.85M were obligated at the time of the award. Army Contracting Command is the contracting activity.