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Lockheed Martin (LMT +0.3%) says it's received a $79M contract from the U.S. Department of...

Lockheed Martin (LMT +0.3%) says it's received a $79M contract from the U.S. Department of Defense to develop a new variant of the Guided Multiple Launch Rocket System incorporating a new alternative warhead. The new system is an all-weather, precision-guided rocket that increases accuracy and reduces the number of rockets necessary to eliminate targets.
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