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Business/Financial

Lockheed Gains $31.3 Million Contract For M299 Launchers

DDN

Monday, February 9th, 2009

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The Army gave Lockheed Martin Corp. [LMT] a $31.3 million contract extension for more M299 launchers for the Hellfire missile. Lockheed will provide the launchers and related equipment to the Army. The M299 is used aboard a variety of platforms to launch all variants of the Hellfire missile. The latest contract change modifies the $51.3 million Launcher Bridge 3 contract awarded in 2007. That new contract modification requires Lockheed to supply an additional 298 M299 helicopter-mounted four-rail missile launchers, 134…

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