Lockheed Martin receive military contracts totalling $84 Million

Lockheed Martin Missiles and Fire Control has received two contracts totalling $84 million for Multiple Launch Rocket System (MLRS) launchers for the Republic of Korea.

Initial delivery of MLRS M270 launchers is scheduled to begin in September 2002, with consecutive monthly deliveries to follow through to completion inJune 2003. MLRS is said to be the world’s most formidable rocket and missile artillery system.

Its surface-to-surface ballistic rockets have a range of 28 miles. According to a statement, a single MLRS launcher can put more than two tons of destructive firepower on a target in one minute and its full load of 12 rockets can cover 30 to 60 acres with thousands of grenade-like submunitions.

Each of the submunitions in an MLRS rocket has about the same destructive power as a hand grenade and contains a shaped charge that allows it to penetrate light armour.

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