This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lockheed Martin To Provide Virtual Training Technologies In Support Of Saudi Arabia's F-15SA Modernization Program

ORLANDO, Fla., March 11, 2013 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] received a $253 million contract agreement to begin work on F-15SA pilot and maintenance training systems for the Royal Saudi Air Force. The technologies will provide a comprehensive ground-based training environment for Saudi Arabia's F-15SA modernization program.

Pilots will complete air-to-air combat, air-to-surface missions, air combat maneuvers and tactical intercepts with 360-degree full mission trainers. As a first for F-15 training, the systems will feature a single dome over the dual-seat cockpit to enable crew coordination training. Lockheed Martin will also deliver egress, avionics and desktop trainers for procedure training by pilots.

"The complement of F-15SA training systems starts with desktop trainers and progressively increases in capability to full mission weapons systems trainers," said Jim Weitzel, vice president of training solutions for Lockheed Martin's Mission Systems and Training business. "This creates a cost-effective program since the appropriate level of technology is applied to meet the training objectives."

For maintainers, Lockheed Martin will provide virtual systems to enable training without the actual aircraft. The systems include basic maintenance, landing gear and arresting hook, armament, flight controls and jet fuel starter trainers.

Lockheed Martin will deliver the training systems by 2020. Work will be performed in Akron, Ohio, and Orlando, Fla. The contract is managed through a foreign military sales agreement by the U.S. Air Force Life Cycle Management Center at Wright-Patterson Air Force Base, Ohio.

Lockheed Martin has served as the Royal Saudi Air Force's F-15 training partner for more than three decades. The company also provides the service's weapons systems officer training program. In addition to delivering training systems to Saudi Arabia, Lockheed Martin's F-15 training technologies are currently in operation by the United States, Israel and Japan.

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 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 NOW

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
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
Dividend Stock Advisor
Try it NOW

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
Real Money Pro
Try it NOW

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 Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs