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Lockheed Wins $345M Threat Detection Contract Extension

lockheed martinLockheed Martin (NYSE: LMT) has won a $345 million contract to continue operating reconnaissance and surveillance systems for the U.S. Army.

The tethered Persistent Threat Detection Systems aerostat is built to work in daylight and at night for deployed coalition soldiers in Afghanistan, Lockheed said Monday.

PTDS equipment also works to give situational awareness to warfighters by using different types of surveillance equipment that work to give soldiers 360-degree protection.

The Army’s program executive office for intelligence, electronic warfare and sensors, product manager, meteorological and target identification capabilities manages the program.

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