Stock Under $10 with 50-100% upside potential - 14 Days FREE!

Lockheed Martin Delivers First U.S. Army Digital Range Training System, Begins Work On Third Range

Stock quotes in this article: LMT 

ORLANDO, Fla., Dec. 3, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) delivered its first Digital Range Training System to the U.S. Army for live fire gunnery qualifications by armored vehicle crews and has begun development on a third range under a $13.8 million contract award.

The Digital Range Training System provides a realistic combat environment for Abrams, Bradley and Stryker crews. The initial range is now operational at Fort Bliss, Texas. A second range is on schedule for delivery to the Pohakuloa Training Area, Hawaii, in early 2013.

The Army also awarded Lockheed Martin a contract for a third range in September 2012 for delivery to Fort Bliss by the end of 2013.

"The quality of feedback a soldier and platoon receive about their decisions can make the difference for survivability and mission success in the field," said Jim Weitzel, vice president of training solutions for Lockheed Martin's Global Training and Logistics business. "The Digital Range Training System is designed to capture imagery and audio inside and outside vehicles from multiple angles, providing commanders and soldiers with actionable data."

Lockheed Martin won the five-year Digital Range Training System contract in 2011 to modernize training ranges with digital instrumentation, including cameras, targetry systems with audiovisual effects, scenario development technology and range control centers. During individual and crew qualification exercises and platoon-level collective training, the system integrates live fire with threat, neutral and friendly simulations.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation's net sales for 2011 were $46.5 billion.

For additional information about Lockheed Martin, visit our website: http://www.lockheedmartin.com

SOURCE Lockheed Martin

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
TRY IT FREE

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Dividend Stock Advisor
TRY IT FREE
New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Real Money
TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:
  • Jim Cramer + 20 Wall Street pros
  • Intraday commentary & news
  • Real-time trading forum
  • Actionable trade ideas
Real Money Pro
TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass + 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 15,424.32 36.74 0.24%
NASDAQ 3,499.26 -2.86 -0.08%
S&P 500 1,671.95 2.79 0.17%
US 10 Yr 2.030% +0.086

Brokerage Partners

Advertising Partners
Special Features

Free Newsletters from TheStreet

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy. Manage Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs