Lockheed Martin awarded $4.23B U.S. Army contract modification

* Lockheed Martin (NYSE:LMT [https://seekingalpha.com/symbol/LMT]) has been awarded [https://www.defense.gov/News/Contracts/Contract/Article/4275378/] a $4.23B modification to a U.S. Army contract for production of the Guided Multiple Launch Rocket System.
* The total cumulative face value of the contract is $13.26B.
* Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of Oct. 20, 2027.
* Army Contracting Command, Redstone Arsenal, Alabama, is the contracting activity.

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