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Lockheed Martin Awarded $114M Combat Vehicle Simulator Contract; Jim Weitzel Comments

Lockheed Martin (NYSE:LMT) has been awarded a $114 million contract by the U.S. Army to upgrade combat vehicle simulators for soldier training and expand the Marine Corps‘ training capability, according to a company statement.

Lockheed will install and develop 13 upgrades for close combat training systems at 19 Army installations, which will integrate displays and replicate tactical vehicle capabilities similar to the ones that are on field.

Jim Weitzel, vice president for training solutions at Lockheed Martin’s global training and logistics business, said that the new training systems provide a safe and immersive environment for military men and women’s preparation for combat and that the upgrades will extend capability and service life.

The company was able to apply its existing system development and sustainment for the Marines to maintain readiness in the battlefield, the executive added.

Lockheed will also deliver new training systems to the Marine Corps at Camp Lejeune, NC.

Work will be performed in Orlando, FL and will start on February 2013 and has a five year period.

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