ORLANDO, Fla., Oct. 28, 2013 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] received a $33.9 million follow-on production contract from the Naval Surface Warfare Center (NSWC), Crane Division, for the Target Sight System (TSS), the fire control system for the U.S. Marine Corps' AH-1Z Cobra attack helicopter.
TSS' advanced sensors provide pilots with enhanced capabilities to acquire, track and designate targets. TSS Lot 10 deliveries will be complete in December 2015.
"This contract allows our TSS team to move seamlessly into an accelerated delivery schedule ensuring the system is available to warfighters during critical missions," said Brad Partain, senior program manager of airborne systems at Lockheed Martin Missiles and Fire Control. "The system enables pilots to see farther, engage threats with increased confidence and safely return to base."
NSWC Crane awarded the initial TSS production contract in March 2008, followed by additional production contracts in June 2010, August 2011 and May 2012. Lockheed Martin delivered the first TSS in June 2009, and recently began early delivery of production units to support Lot 8 AH-1Z aircraft. TSS is produced at Lockheed Martin facilities in Ocala and Orlando, Fla.The highly stabilized sensor suite includes a laser designator, color video display and a third-generation, mid-wave, forward-looking infrared sensor with advanced image processing. In 2011, the AH-1Z deployed operationally with TSS. TSS is one of several high-performance stabilized targeting systems designed, manufactured, tested and supported by Lockheed Martin. The company's fielded solutions for fixed- and rotary-wing aircraft include Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor for the U.S. Army, Sniper Advanced Targeting Pod for the U.S. Air Force and the AN/AAQ-39 targeting system for the U.S. Air Force Special Operations Command. 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 the highest honor 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 116,000 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
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 + 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