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Lockheed Lands $117M Award for Dutch Apache Laser Rangefinder Tech

Lockheed Martin (NYSE: LMT) has received a $116.9 million U.S. Army contract modification to provide Modernized Laser Range Finder Designators for integration into the Dutch military’s AH-64 Apache helicopter.

The company will perform work at its Orlando, Florida, facility through Aug. 31, 2020, the Defense Department said Thursday.

The Army obligated the modification’s full value at the time of award from its fiscal 2018 aircraft procurement and foreign military sales funds.

Netherlands asked to buy equipment and services for its AH-64D Block II modernization effort through a potential $1.2 billion FMS agreement the State Department approved in February.

Lockheed and Boeing (NYSE: BA) will be the prime contractors on the proposed sale.

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