May 05 2004

SHELBY ANNOUNCES JOINT COMMON MISSILE CONTRACT

Lockheed Martin Facility in Troy, AL to be Significant Beneficiary

U.S. Senator Richard C. Shelby (R-Ala) announced today that Lockheed Martin has been awarded the Joint Common Missile (JCM) contract. A significant portion of this work will be completed in Troy, AL.

JCM is a critical step on the road to providing technological superiority with enhanced joint and combined operational capability for the Army, Navy, Marine Corps and allies. The JCM provides a common, multi-mode weapon capable of satisfying requirements for line-of-sight and beyond line-of-sight, fire-and-forget, and precision-strike engagements while reducing logistical footprints.

“The long-term economic impact will, indeed, be significant for the Wiregrass area. Over the next four years, the JCM contract will be worth $1.6 billion, and could be worth as much as $6 billion over the life of the program. I am confident that Lockheed Martin will be successful in their continued work to develop, demonstrate and test the JCM,” Shelby concluded.