This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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 Receives $223 Million M-TADS/PNVS Contract For Republic Of Korea Apaches

Stocks in this article: LMT

ORLANDO, Fla., Aug. 12, 2013 /PRNewswire/ -- Lockheed Martin (NYSE: LMT)  received a $223 million contract to provide the Republic of Korea with Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) systems for the nation's AH-64E Apache helicopter.

South Korea is the 12 th international customer to purchase the M-TADS/PNVS-equipped Apache attack helicopter. The contract includes 36 M-TADS/PNVS systems and spares, with production through 2018. Electronics assembly of M-TADS/PNVS is performed at Lockheed Martin's Ocala, Fla., facility. Final assembly is performed at Lockheed Martin's facility in Orlando, Fla.

"We are very proud and happy to further our relationship with the Republic of Korea by adding them to our growing list of U.S. allies flying and operating this exceptionally capable aircraft," said Lt. Col. Shawn Powell, U.S. Army Product Manager for the Apache International Sales Program, Apache Attack Helicopters Project Office. "Multiple systems come together on this platform to make the AH-64E Apache the most advanced and powerful attack helicopter in the world. They made a great choice."

"M-TADS/PNVS will provide the Republic of Korea Army with unmatched capabilities and performance," said Mike Taylor, director of Apache international and support programs at Lockheed Martin Missiles and Fire Control. "Lockheed Martin looks forward to this partnership with the Republic of Korea Army to produce and field our modernized targeting and pilotage system for South Korea's formidable new AH-64E Apache attack helicopter fleet."

Fielded in 2005, M-TADS/PNVS is known as the eyes of the Apache. It provides pilots with long-range, precision engagement and pilotage capabilities for mission success and flight safety in day, night and adverse weather missions. Forward-looking infrared sensors provide enhanced image resolution that enables Apache aircrews to prosecute targets and provide situational awareness in support of ground troops outside detection ranges.

1 of 2

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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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