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  • Tuesday, April 23, 2024

Lockheed to Produce Apache Sensor on Potential $290M Army Contract

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $60 million follow-on production contract for the modernized target acquisition designation sight/pilot night vision sensor, also known as Arrowhead, for the AH-64D Apache attack helicopter.

The total contract value could reach approximately $290 million including the base and all options.

The lot 8 base contract includes 23 Arrowhead kits for the National Guard, plus U.S. Government and Foreign Military Sales spares and support.

The contract also includes options for up to 46 systems and spares for delivery to the Army and an undisclosed FMS customer.

The lot 8 contract extends production through August 2013 for the base requirements and January 2015 if all options are awarded.

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