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Lockheed Wins Additional Funds for Weapons Deal

Lockheed Martin [NYSE: LMT] has received an award totaling $59 million from the U.S. Air Force for additional “Sniper” Advanced Targeting Pods (ATP).

The order is the second increment on the U.S. Air Force’s Sniper ATP Lot 9 contract, originally awarded in September 2009, upping the total value of the Lot 9 buy to $95 million.

The Sniper ATP plays a major role in Air Force operations in theater, providing top cover for ground forces, as well as increasing the safety of civilian populations.  The product is able to deliver the highest resolution imagery for precision targeting and non-traditional intelligence, surveillance and reconnaissance.

“This Lot 9 increment brings total Sniper ATP sales to more than 650 pods for the U.S. Air Force, Air National Guard and 12 international air forces, ” said Ken Fuhr, director of Fixed-wing Targeting Programs at Lockheed Martin. “Recent orders have also been received from Saudi Arabia, Morocco, and the Turkish Air Force.”

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