Lockheed Martin Corp. (NYSE: LMT) has won a $111 million performance-based logistics contract to supply the U.S. Army with advanced electro-optical fire control systems for Apache helicopters.
In an announcement today, Lockheed said it will provide Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor systems under the four-year PBL contract.
David Belvin, program director of Apache fire control programs in Lockheed Martin’s Missiles and Fire Control business, stated that the PBL contract offers a support solution aimed to reduce costs while maintaining efficient performance.
The PBL contract with one-year base and three one-year options has a ceiling value of $375 million and could run until December 2015.
M-TADS/PNVS features upgraded infrared sensors and related electronics to provide Apache pilots with advanced long-range, electro-optical precision engagement and pilot capabilities in day/night and bad-weather mission environments.
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