Lockheed Books Potential $485M Navigation Pod FMS Contract

Lockheed Martin (NYSE: LMT) has secured a potential five-year, $485M contract from the U.S. Air Force to produce navigation pod hardware for integration onto fixed-wing platforms of multiple foreign military sales customers.

The company will fabricate, integrate, modernize, test and ship nondevelopmental item pods intended for  navigation and targeting functions, the Department of Defense said Monday.

Specifically, the indefinite-delivery/indefinite-quantity contract encompasses delivery orders related to the Sniper Infrared Search and Track, and Low Altitude Navigation and Targeting Infrared for Night systems.

The Air Force Life Cycle Management Center will obligate $34.9M in FMS funds for the initial order from Morocco.

Other international countries that can order hardware via the IDIQ are Bahrain, Belgium, Bulgaria, Canada, Egypt, Greece, Indonesia, Iraq, Israel, Jordan, Republic of Korea, Kuwait, Netherlands, Norway, Oman, Pakistan, Poland, Qatar, Romania, Saudi Arabia, Slovakia, Taiwan, Thailand and Turkey.

DoD expects contract work to conclude by May 2025.

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