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Lockheed Wins Potential $288M Contract to Build Army’s Laser-Based Training System

Lockheed Martin (NYSE: LMT) has won a potential seven-year $288 million contract to build a laser-based training device for the U.S. Army to simulate the firing capacity of soldiers and combat vehicles as well as test the engagement effects of multiple weapons.

The Defense Department said Friday the Instrumentable Multiple Integrated Laser Engagement System will help Army address requirements under the service branch’s basis of issue plan and potentially modernize legacy systems.

I-MILES will comprise an individual weapon system, a combat and a tactical vehicle system, shoulder launched munitions and a universal controller device.

DoD noted the Army received three bids for the firm-fixed-price contract via the internet.

The service branch’s program executive office for simulation, training and instrumentation will provide funds and performance locations with each order.

Lockheed is scheduled to finish contract work March. 30, 2024.

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