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Share Name | Share Symbol | Market | Type |
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Lockheed Martin Corp | NYSE:LMT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.29 | -0.28% | 461.91 | 462.93 | 457.1701 | 462.93 | 910,783 | 01:00:00 |
ORLANDO, Fla., Aug. 12, 2015 /PRNewswire/ -- The U.S. Army awarded Lockheed Martin (NYSE: LMT) a $21.7 million Lot 4 follow-on contract to continue production of the Modernized Day Sensor Assembly (M-DSA) for the AH-64E Apache attack helicopter.
This first phase of upgrades to modernize the Apache's Day Sensor Assembly includes producing Modernized Laser Rangefinder Designator (M-LRFD) kits. M-LRFD is the principal targeting aid for the Apache, enabling pilots to designate targets and establish target range for accurate weapon engagement. M-DSA is an upgrade to the Apache's targeting and pilotage system, or Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS).
A total of $21.7 million was obligated to Lockheed Martin through this Lot 4 contract award; the total value is not-to-exceed $50.9 million. Lockheed Martin is on contract to produce and deliver 786 M-LRFD kits for the U.S. Army and international customers. More than 200 kits have been delivered to the U.S. Army to date.
"We are currently fielding laser kits as part of the M-DSA Phase 1 upgrade and are on track to equip approximately seven Apache battalions a year," said Matt Hoffman, M-TADS/PNVS director at Lockheed Martin Missiles and Fire Control.
In addition, Lockheed Martin has already qualified M-DSA Phase 2 upgrades and is ready to transition into production. Phase 2 M-DSA upgrades allow Apache pilots to see high-resolution, near infrared and color imagery on cockpit displays. Phase 2 upgrades also include a new laser pointer marker and a multi-mode laser with eye-safe lasing capability. These improvements allow for better coordination with ground troops and safe flight in urban environments and during training exercises.
For additional information, visit our website: www.lockheedmartin.com.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 112,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2014 were $45.6 billion.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-army-awards-lockheed-martin-contract-to-upgrade-apache-helicopter-targeting-and-pilotage-system-300127483.html
SOURCE Lockheed Martin
Copyright 2015 PR Newswire
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