The U.S. Department of Defense has signed a massive contract worth over $1 billion with defense giant Lockheed Martin for the production of HIMARS multiple launch rocket systems.
According to the Pentagon's official statement, the final value of the deal is $1,132,447,811. This marks one of the largest military procurement contracts in recent years.
The launchers produced under this agreement will serve the U.S. Army's needs and also be supplied to Australia, Canada, Estonia, Sweden, and Taiwan.
The contract is expected to be completed by April 30, 2028. During this period, Lockheed Martin will ensure serial production of these high-tech systems.
HIMARS systems are designed for operations requiring high precision and mobility on modern battlefields. The Pentagon's move aims to maintain U.S. global leadership in the defense industry.
