DALLAS, TX, February 07, 2008 -- Lockheed Martin [NYSE: LMT] has received $194 million from the U.S. Army Aviation & Missile Command for production of the combat-proven Army Tactical Missile System (ATACMS).
Work will be conducted at the company's facilities in Dallas and Horizon City, TX, with completion expected by the second quarter of 2010.
The contract includes the ATACMS Quick Reaction Unitary and the Block IA Missiles. ATACMS is the world's premier long-range missile artillery round designed specifically for destroying high-priority targets at ranges up to 300 kilometers. Able to deliver a wide variety of warhead options, it can operate in all climate and light conditions while remaining beyond the range of most conventional weapons.