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Lockheed Martin has secured a $3.4 billion contract modification from the U.S. Navy to enhance its missile production capabilities. This deal, awarded in collaboration with General Dynamics, focuses on ramping up the production of solid rocket motors for the Guided Multiple Launch Rocket System (GMLRS). The work will be carried out at General Dynamics’ facility in Camden, Arkansas, starting in 2025. Lockheed martin wins $3.4 billion U.S Navy Contract Modification: What to Expect?