L3Harris secured a $200 million follow‑on contract from Lockheed Martin to produce propulsion units for the Guided Multiple Launch Rocket System (GMLRS), the largest GMLRS IM contract it has received from Lockheed Martin in a 12‑month period.
The award will be fulfilled at L3Harris’s new solid‑rocket motor production campus in Camden, Arkansas, which boosts annual output by more than 30%, and at the Advanced Manufacturing Facility‑South in Huntsville, Alabama, ensuring the company can meet the increased demand.
The contract expands L3Harris’s footprint in the precision‑guided munitions market and provides a steady revenue stream tied to a high‑profile, long‑term defense program. The company’s solid‑rocket motor expertise and recent investments in automation and line consolidation have enabled an 80% increase in GMLRS motor output over the past few years.
CEO Christopher E. Kubasik said the deal “reinforces L3Harris’s position as a trusted partner for the U.S. Army’s modernization of rocket artillery and underscores the company’s commitment to scaling production to meet growing demand.” Scott Alexander, president of Missile Solutions at Aerojet Rocketdyne, added that the expanded capacity “ensures L3Harris continues delivering critical propulsion capability at scale and at speed to the U.S. and its allies.”
The contract comes at a time when the U.S. and allied forces are modernizing their rocket artillery capabilities, and it aligns with broader defense spending trends that favor precision‑guided munitions. L3Harris’s recent financial results—revenue up 10% to $21.3 billion in 2024 and a 3% year‑over‑year increase in Q4 2024—show the company’s ability to convert demand into growth, while its LHX NeXt transformation program has already delivered $800 million in cost savings and is targeting $1.2 billion by the end of 2025.
The GMLRS program includes multiple variants, such as the Unitary and Alternative Warhead versions, and the company is also working on an extended‑range variant that could reach up to 150 km. L3Harris’s investment in the Camden facility and its focus on automation position it well to capture additional market share as the program expands.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.