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Lockheed Wins $333M for IED Sensors

Lockheed Martin (NYSE: LMT) has won a $333.3 million contract to provide the U.S. Army spare and repair parts for sensors on ground vehicles, the Defense Department announced Tuesday.

According to the Army, the Vehicle Optics Sensor System locates improvised explosive devices via night vision, daytime TV and thermal imaging technology on the RG-31 and JERRV mine clearance vehicles.

A camera records video of operations for post-action review, training and briefing.

The company’s gyrocam systems unit will perform work under the firm-fixed-price contract in Sarasota, Fla. and the Pentagon expects work to finish by Aug. 22, 2014.

Under a $513 million contract awarded in November, the company is competing for orders to provide the sensors to the Navy in Afghanistan and the continental U.S.

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