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Lockheed Wins $513M Vehicle Optic Sensor Systems IDIQ

The U.S. Navy has awarded Lockheed Martin‘s (NYSE: LMT) gyrocam systems company one of two commercial contracts to provide up to 951 vehicle optic sensor systems for use in Afghanistan and the continental U.S.

Lockheed will compete for orders that also will include spare parts, maintenance, sustainment, training and provisional technical data.

The maximum dollar value for the firm-fixed-priced, indefinite-delivery/indefinite-quantity, multiple award contract, including the base year and four option years, is $513,697,547.

Work for these delivery orders is expected to be completed within 30 days from award.  Work will be performed in Sarasota, Fla., and Billerica, Mass., and is expected to be completed November 2015.

Marine Corps Systems Command, Quantico, Va., is the contracting activity.

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