Lockheed MartinÂ (NYSE: LMT) has received a $116.9 millionÂ U.S. Army contract modification to provideÂ Modernized Laser Range Finder DesignatorsÂ for integration into the Dutch military’sÂ AH-64 Apache helicopter.
The company will perform work at itsÂ Orlando, Florida, facility through Aug. 31, 2020, the Defense Department said Thursday.
The Army obligated the modification’s full valueÂ at the time of award from its fiscal 2018 aircraft procurement and foreign military sales funds.
Netherlands asked to buy equipment and services for itsÂ AH-64D Block II modernization effortÂ 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.