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Lockheed Martin Receives $161 Million In Contracts For Apache M-TADS/PNVS Upgrades

Stocks in this article: LMT

ORLANDO, Fla., Feb. 13, 2013 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] has received two production contracts totaling $161.7 million from the U.S. Army to continue upgrades of the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) program for the Apache attack helicopter.

The Lot 2 and Lot 3 contracts include 482 Modernized Day Sensor Assembly (M-DSA) Modernized Laser Rangefinder Designator (M-LRFD) kits and spares. The U.S. Army ordered 92 M-DSA M-LRFD kits and spares for Lot 1 in February 2012, and the first of those units will be delivered in early 2013.

With the addition of these contracts, production at Lockheed Martin Missiles and Fire Control's facilities in Ocala and Orlando, Fla., will be sustained through third quarter 2016.

"These two production lots represent our continued confidence in Lockheed Martin Missiles and Fire Control to provide a high performing, high quality, reliable LRFD for the AH-64D/E," said Lt. Col. Steve Van Riper, U.S. Army product manager of Apache Sensors. "We look forward to our first delivery and subsequent fielding of this capability."

"M-DSA M-LRFD kits reduce ongoing obsolescence while significantly increasing system performance," said Matt Hoffman, director of M-TADS/PNVS programs at Lockheed Martin Missiles and Fire Control. "These contracts demonstrate the customer's commitment to ensuring our soldiers have superior capabilities as they carry out their missions."

Lockheed Martin Missiles and Fire Control is a 2012 recipient of the U.S. Department of Commerce's Malcolm Baldrige National Quality Award for performance excellence. The Malcolm Baldrige Award represents one of the highest honors that can be awarded to American companies for achievement in leadership, strategic planning, customer relations, measurement, analysis, workforce excellence, operations and business results.

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 2012 were $47.2 billion.

For additional information, 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.

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