WASHINGTON, Oct. 21, 2013 /PRNewswire/ -- Lockheed Martin will continue to support a tethered aerostat-based system that provides real-time, around-the-clock reconnaissance and surveillance for warfighters in Afghanistan. The U.S. Army awarded Lockheed Martin (NYSE: LMT) a $345 million contract to operate and sustain the Persistent Threat Detection Systems (PTDS).
"PTDS has proven to be a critical asset for the protection of our forces and those of our allies," said Jim Quinn, vice president of C4ISR Systems with Lockheed Martin Information Systems & Global Solutions. "We will work in theater with the Army to ensure that PTDS continues to provide mission critical support directly to our warfighters."
Equipped with multiple sensors, PTDS is an aerostat-based system that provides low-cost, continuous communications and persistent surveillance capabilities not possible with other types of manned and unmanned aircraft. PTDS carries different types of surveillance equipment to deliver constant day and night, 360 degree detection, surveillance, monitoring and force protection.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV