Lockheed Grabs PBL Deal from Army
Lockheed Martin (NYSE: LMT) a follow-on Performance Based Logistics (PBL) contract from the Army to support the Target Acquisition Designation Sight/Pilot Night Vision Sensor (TADS/PNVS) and Modernized TADS/PNVS (M-TADS/PNVS) systems on the AH-64 Apache helicopter. The contract has a potential value of $90 million for 2010.
The combined value of the initial contract and first two options was $283.4 million. The program recently received an overall “Outstanding” Contractor Performance Assessment Reporting System rating by the U.S. Army Aviation and Missile Command.
“The success of the PBL contract is the result of a strong partnership between the Warfighter, the U.S. Army Aviation and Missile Command and Lockheed Martin,” said Dave Belvin, director of Apache M-TADS/PNVS and Support Programs at Lockheed Martin Missiles and Fire Control. “By working together, we have significantly improved supply chain management and controlled costs.”
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