LOCKHEED MARTIN RECEIVES $47 MILLION FOR PRODUCTION OF UNITARY ARMY TACTICAL MISSILES
DALLAS, TX, October 11, 2006 --
Lockheed Martin [NYSE: LMT] has received a $47 million contract from the U.S. Army for the purchase of Army Tactical Missile System (ATACMS) Block 1A Unitary missiles in order to replenish the use of this system in recent activities in theaters of operation.
Work on the contract will be conducted at the company’s facilities in Dallas and Horizon City, TX. Delivery of the missiles is scheduled for second quarter 2008.
The ATACMS Block 1A Unitary Missile is combat proven in joint operations during Operation Iraqi Freedom, and is the latest addition to the current ATACMS family of munitions. The ATACMS Unitary variant provides for precision attack with limited collateral damage out to 300 kilometers for high-payoff, time-sensitive targets.
“Combat-proven ATACMS adds to the concept of “joint fires interdependence” by offering the right munition to achieve the right effect at the right time, regardless of the color of the uniform you’re wearing. The Army’s first surface-to-surface, long-range, all-weather, precision attack capability used in combat, ATACMS provides the Joint Force Commander an immediately available, lethal asset to attack time-sensitive and high value stationary or fixed targets in both open and constrained environments (complex/urban terrain). ATACMS will continue to provide a Joint complementary option by its inclusion in the air tasking order for planned attack and defeat of high value targets and/or in a support role to provide Joint suppression or destruction of enemy air defenses. Its precision reach affords the ability to provide responsive, long-range lateral supporting fires as well as shaping fires that set the conditions for decisive victory. This flexibility enables support of non-standard and direct support missions in addition to the more traditional role of general support to a corps or Joint Task Force. Evolving tactics and techniques will enhance its utility well into the foreseeable future,” said Col. Gary S. Kinne, TRADOC Capability Manager for Rocket and Missiles Systems at Fort Sill, OK.
The ATACMS Block IA Unitary also has vertical impact capability, which translates in limited collateral damage. The system has a much more efficient logistical footprint, while expanding the traditional target-set for Army TACMS.
“The Soldiers who use ATACMS tell us frequently that it is simply an outstanding weapon system,” said Rick Edwards, vice president - Tactical Missiles at Lockheed Martin Missiles and Fire Control. “ATACMS’ extreme accuracy, ease of integration with other systems and vertical impact to limit collateral damage make it an irreplaceable weapon for the Joint commander.”
The Army TACMS Unitary missile is a responsive, all weather, long-range missile, with a high explosive, single burst warhead fired from the Multiple Launch Rocket System (MLRS) family of launchers, including the MLRS M270A1 launcher and the High Mobility Artillery Rocket System (HIMARS) launcher.
“We are proud to be asked to fulfill a supplemental requirement for our Army customer,” said Greg Kavanagh, ATACMS program director at Lockheed Martin Missiles and Fire Control. “More than 192 months of on-schedule and on-cost production of the ATACMS system is a record that speaks for itself.”
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2005 sales of $37.2 billion.
Contact:
Craig Vanbebber, (214) 534-1921 (mobile)
e-mail craig.vanbebber@lmco.com
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