L3Harris wins $250 million record GMLRS rocket‑motor contract from Lockheed Martin
+1 new source since this summary was written
L3Harris Technologies announced that Lockheed Martin awarded it a follow‑on contract worth $250 million to produce standard‑range GMLRS propulsion units, the largest quantity ever ordered in the program. The work will be carried out at L3Harris’s new 60,000‑square‑foot Arsenal of Freedom facility in Camden, Arkansas, slated to open later in 2026. Scott Alexander, president of propulsion systems at L3Harris, said the award reflects confidence in the company’s ability to scale production while maintaining quality.
Why it matters
The contract adds $250 million of revenue to L3Harris’s backlog, strengthening its defense‑sector earnings outlook (the company notes the award in its press release). Analysts note that the new facility’s automation should improve margins on future missile‑propulsion work.
Key facts
- 1Lockheed Martin awarded L3Harris a $250 million follow‑on contract for GMLRS propulsion units. marketscreener.com
- 2The contract will be fulfilled at a new 60,000‑square‑foot Arsenal of Freedom facility in Camden, Arkansas, scheduled to open later in 2026. securities.io
- 3Scott Alexander, president of propulsion systems at L3Harris, said the award demonstrates confidence in the company’s missile‑propulsion expertise and its capacity to deliver at scale. stocktitan.net
- 4L3Harris says it has increased GMLRS solid‑rocket‑motor output in recent years by using advanced manufacturing techniques. securities.io
- 5L3Harris’s GMLRS capability page lists more than 35,000 steel‑ and composite‑cased motors delivered to date. securities.io
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.