Lockheed Wins $383M Contract to Operate Army Threat Detection Systems

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $383 million contract to maintain, operate and sustain its persistent threat detection systems.

“The availability of timely intelligence is vital to protecting deployed personnel and high-value assets, ” said Jim Quinn, vice president of C4ISR systems at Lockheed. “Our PTDS team will continue to provide mission critical support directly to our warfighters.”

The Army’s program executive office for intelligence, electronic warfare and sensors will provide program and acquisition management.

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