Army to award multiyear contract for GMLRS in Q4 of FY-24 estimated to save $68M

By Nickolai Sukharev / April 11, 2024 at 2:02 PM
The Army plans to award a four-year multiyear procurement contract in the fourth quarter of this fiscal year to buy 18,000 Guided Multiple Launch Rocket System missiles estimated to save $67.6 million, according to a service spokesperson. When releasing its multiyear procurement bid last September, the Army estimated the savings would be 2.5% or $67.6 million “when compared to four annual awards,” according to budget documents from the Defense Department comptroller . That estimate still holds despite Congress passing the...

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