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Lockheed Lands $176M Targeting Pod Production Contracts for USAF Fighter, Bomber Fleet

lockheed martinLockheed Martin (NYSE: LMT) has won contracts worth $176.1 million combined to produce new targeting pods and related upgrade kits for the U.S. Air Force’s fleet of bomber aircraft and fighter jets.

Lockheed said Thursday the new Sniper Advanced Targeting Pod-Sensor Enhancement platform has a two-way datalink tool, algorithms and updated sensors that work to help pilots detect and track maritime and aerial targets and perform surveillance, intelligence and reconnaissance operations.

The company will also install new line replaceable units to upgrade existing Sniper ATPs onboard the service branch’s aircraft to the ATP-SE configuration.

Lockheed is scheduled to start deliveries of new targeting pods and upgrade kits in the fourth quarter of 2016.

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