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Lockheed Lands on Army Deal Worth Potential $450 Million

Lockheed Martin (NYSE: LMT) won a deal to provide the Instrumented Ranges / Digital Range Training System to the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation.

The ID/IQ award includes an initial $17.6 million delivery order, with a maximum estimated value of $450 million over a five-year base ordering period.

“The DRTS program is an integrated solution that will provide flexible training at a lower lifecycle cost, ” said Jim Craig, vice president of training systems at Lockheed Martin Global Training and Logistics. “We look forward to working with the Army and continuing our support of its Live Training Transformation initiative to promote reuse and standardization across the suite of live-fire training systems.”

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