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Lockheed Awarded $383M to Operate Persistent Threat Detection Systems

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

The airship has been one of the Army’s major weapons since 2004 and was recognized by the Department of Army Engineers and Scientists as the Army’s greatest invention in 2005. The tethered aerostat-based system provides long endurance intelligence, reconnaissance, communications and surveillance.

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

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