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Lockheed Martin to Modernize ATACMS

The ATACMS is a surface to surface missile manufactured by Lockheed Martin in 1986. With a range of over 160 kilometers, the missile is currently the only tactical long range precision strike surface to surface weapon used by the U.S. Army. Over 560 missiles have been fired in combat with 450 of them being during the Operation Iraqi Freedom.

On January 7, 2015, the American aerospace, defense, security, and advanced technology company was awarded a $78 million contract for ATACMS Modernization. Granted by the U.S. Army the program calls for Lockheed Martin to produce a new and improved weapon system used for eliminating targets without the risk of unexploded ordnance. The program will meet U.S. Army long-range precision strike requirement and will be initialized by flight test, followed by production beginning in 2016. Work will be performed at facilities in Camden, Arkansas and Dallas, Texas.

Lockheed Martin is one of the world’s largest aerospace and defense companies in the world. Formed by the merger of Lockheed Corporation and Martin Mariett in 1995, the company has since grown to be a top contractor by the U.S Federal Government. With over 116,000 employees, Lockheed Martin has met over $45 Billion in yearly revenues and over $3 Billion in yearly profit. Their product profile includes ATC systems, ballistic missiles, munitions, missile defense elements, transport aircraft, fighter aircraft, radar, satellites, atlas launch vehicles, and spacecraft.

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