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Army

Army To Seek Approval To Award Multi-Year Deals For GMLRS, PAC-3 Missiles In FY ‘24

By Matthew Beinart

Thursday, March 16th, 2023

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Army To Seek Approval To Award Multi-Year Deals For GMLRS, PAC-3 Missiles In FY ‘24

GMLRS Alternative Warhead Firing Photo: Lockheed Martin

The Army plans to seek congressional approval to award multi-year procurement contracts for GMLRS rockets and Patriot Advanced Capability (PAC)-3 missiles in fiscal year 2024, officials confirmed this week. Army Secretary Christine Wormuth and Doug Bush, the service’s top acquisition official, both cited cost savings and industrial base stability as key factors associated with pursuing multi-year deals for the two Lockheed Martin [LMT]-built munitions. “We are looking in FY ‘24 to work with Congress to be able to get multi-year…

Congress

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Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

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Congress

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