Economy & Economic Development  June 26, 2019

Lockheed wins $561.8M missile contract

BOULDER — Defense contractor Lockheed Martin (NYSE: LMT) was recently awarded a $561.8 million contract to provide Army Tactical Missile System missiles for the U.S. Army and Foreign Military Sales customers in Bahrain, Poland and Romania.

Work will be performed at Lockheed’s Boulder facility as well as in Grand Prairie, Texas; Camden, Arkansas; Clearwater, Florida; St. Louis, Missouri; Lufkin, Texas; Windsor Locks, Connecticut; and Williston, Vermont, according to a U.S. Department of Defense contract announcement.

The missile systems are expected to be delivered by June 30, 2022.

SPONSORED CONTENT

Solar Operations and Maintenance for Commercial Properties

One key qualification to consider when selecting a solar partner to install your system is whether they have an Operations and Maintenance (O&M) or service department. Since solar is a long-term asset with an expected lifecycle of 30 plus years, ongoing O&M should be considered up front. A trusted O&M partner will maximize your system’s energy output and therefor the return on your investment.

“The new-build ATACMS rounds under this contract will include sensor technology that provides the recently qualified height-of-burst capability,” Gaylia Campbell, Lockheed’s vice president of precision fires and combat maneuver systems, said in a prepared statement. “This new feature will allow soldiers to address area targets at depth on the battlefield.”

 

BOULDER — Defense contractor Lockheed Martin (NYSE: LMT) was recently awarded a $561.8 million contract to provide Army Tactical Missile System missiles for the U.S. Army and Foreign Military Sales customers in Bahrain, Poland and Romania.

Work will be performed at Lockheed’s Boulder facility as well as in Grand Prairie, Texas; Camden, Arkansas; Clearwater, Florida; St. Louis, Missouri; Lufkin, Texas; Windsor Locks, Connecticut; and Williston, Vermont, according to a U.S. Department of Defense contract announcement.

The missile systems are expected to be delivered by June 30, 2022.

“The new-build ATACMS rounds under this contract will include sensor technology that provides the recently qualified…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Sign up for BizWest Daily Alerts