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U.S. Army Extends Lockheed Martin's M299 Launcher Contract.

ORLANDO, Fla., Feb. 4 /PRNewswire/ -- Lockheed Martin For the former company, see .

Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta.
  has received a $31.3 million contract modification to provide additional M299 Launchers and related equipment to the U.S. Army. The M299 is used aboard a variety of platforms to launch all variants of the HELLFIRE missile.

Under the modification to the $51.3 million Launcher Bridge 3 contract awarded in 2007, Lockheed Martin will supply an additional 298 M299 helicopter-mounted four-rail missile launchers, 134 launcher electronic assemblies (LEAs) and multiple spares. The original contract called for delivery of 430 launchers and 376 LEAs to U.S. and international forces, and it also included multiple spares, engineering services and depot support.

Deliveries under the original Bridge 3 contract are currently underway. Lockheed Martin is increasing the rate of production to accommodate the additional launchers, LEAs and spares. With the additional orders, deliveries are scheduled to be completed in 2011.

"The M299's versatility supports multiple missions in a single sortie by any of several platforms," said Ken Musculus, program director for Air-to- Ground Missile Systems at Lockheed Martin Missiles and Fire Control Lockheed Martin Missiles & Fire Control (LM MFC) is a Lockheed Martin business unit based in the Dallas suburb of Grand Prairie, Texas. The unit's offensive and defensive arsenal includes air-to-air and air-to-ground missiles, naval rockets and missiles, fire control and sensor . "Both the M299 and its modernized lightweight successor will accommodate the new JAGM JAGM Joint Air to Ground Missile (missile program that replaced Joint Common Missile)  [Joint Air-to-Ground Missile]. This will ensure seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation.  of JAGM into the tri-services arsenal."

Lockheed Martin produces the electronics for the M299 launcher at its facility in Ocala, FL. Marvin Engineering in Inglewood, CA, performs final assembly and test. This contract update will extend M299 production activity in Ocala and Inglewood until 2011.

The all-digital M299 "smart" launcher supports HELLFIRE II or LONGBOW HELLFIRE missiles. Its ability to fire multiple missile variants in any sequence provides maximum operational flexibility on the battlefield. The M299 is integrated on the AH-64D Apache LONGBOW, AH-1Z Cobra, Eurocopter Tiger The Eurocopter Tiger is an attack helicopter manufactured by the Eurocopter Group. In Germany it is known as the Tiger; in France and Spain it is called the Tigre. It is also designated the EC 665 or PAH-2. , SH-60-B Seahawk and UK AH MK1 Apache helicopters.

More than 2,000 M299 launchers have been produced for the U.S. Armed Forces as well as international forces equipped with HELLFIRE weapon systems.

Lockheed Martin was awarded a $30 million contract last year to lead the U.S. Army's modernization of the M299 launcher family. Building on experience gained on producing and supporting the fielded and combat-proven M299, this next-generation lightweight launcher will carry HELLFIRE II and JAGM on attack and reconnaissance helicopters, with a growth path for the DAGR DAGR Defense Advanced GPS Receiver
DAGR Direct Attack Guided Rocket
(TM) system and other manned and unmanned platforms. The modernized M299 launcher production is scheduled to begin in 2011.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

CONTACT: Heather Kelly of Lockheed Martin, +1-407-356-5351, heather.kelly@lmco.com

Web site: http://www.lockheedmartin.com/
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Date:Feb 4, 2009
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