The U.S. Army has awarded Lockheed Martin (NYSE: LMT) an $82 million contract to sustain long-range targeting and pilotage systems for the military branch’s AH-64 Apache helicopters.
Lockheed said Monday the award exercises the third option year under a potential $375 million performance-based logistics contract for work on Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensors.
“The partnership between the Army Aviation and Missile Command Logistics Center and Lockheed Martin has built a comprehensive logistics solution that consistently meets or exceeds required aircraft readiness rates, ” said Rob Breter, Apache PBL senior program manager at Lockheed’s missile and fire control business.
M-TADS/PNVS systems are designed with forward-looking infrared sensor technology that works to help Apache attack pilots recognize targets during the day and night or even in extreme weather conditions, according to Lockheed.
The company says it has provided more than 1, 300 M-TADS/PNVS systems to U.S. and international customers to date.