DALLAS, May 13, 2015 /PRNewswire/ -- Lockheed Martin
(NYSE: LMT) received a $174 million
Foreign Military Sales (FMS) contract for Army Tactical Missile
System (ATACMS) production for the U.S. Army and the United Arab Emirates. ATACMS is the U.S.
Army's only tactical long-range precision-strike surface-to-surface
weapon system.
"ATACMS has unsurpassed surface-to-surface capability," said Ken
Musculus, vice president of Tactical Missiles for Lockheed Martin
Missiles and Fire Control. "It is extremely reliable and proven in
combat, which is why it continues to be our customers' choice for
long-range strike requirements."
More than 570 ATACMS missiles have been fired in combat and the
system has demonstrated extremely high rates of accuracy and
reliability while in theater. Each ATACMS missile is packaged in a
Guided Missile Launch Assembly pod and is fired from the MLRS
family of launchers. ATACMS is currently in the inventory of
multiple nations, including the Republic of Korea, Greece, Bahrain, Turkey and the United Arab Emirates.
All production on this contract will be conducted at Lockheed
Martin's award-winning facility in Camden, Arkansas. Lockheed Martin has produced
more than 3,700 ATACMS missiles, with more than 20 years of on-time
deliveries. The company's Camden Operations has received more than
60 awards over the last decade, including the 2012 Malcolm Baldrige
National Quality Award and the Shingo Silver Medallion Award for
Operation Excellence, as well as being named one of America's "Top
10 Plants" by Industry Week magazine.
For additional information, visit our website:
http://www.lockheedmartin.com/us/products/ATACMSBlockIAUnitary.html
About Lockheed Martin:
Headquartered in Bethesda,
Maryland, Lockheed Martin is a global security and aerospace
company that employs approximately 112,000 people worldwide and is
principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services. The Corporation's net sales for
2014 were $45.6 billion.
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SOURCE Lockheed Martin