February 7, 2008 -- Lockheed Martin Corp. said Thursday it received a $194 million contract for the production of the Army Tactical Missile System from the U.S. Army Aviation and Missile Command.

Work will be conducted at the company's facilities in Dallas and Horizon City, Texas, with completion expected by the second quarter of 2010, the company said.

Shares of the Bethesda, Md.-based defense company were up 9 cents to $105.69.

Source: AFX International Focus