Lockheed Wins Contracts for MILSATCOM, Viper Upgrades Work
The Department of Defense announced 11 new defense contracts Friday, worth $331 million in aggregate. Lockheed Martin won two of them:
- A $105.1 million contract modification exercising a fourth option year of work on its U.S. Air Force MILSATCOM Orbital Operations and Logistics Sustainment Support contract, under which Lockheed supports the operations of the Milstar and Defense Satellite Communications Systems. Lockheed will continue working on this contract through Nov. 30, 2014.
- And also a new $13.3 million cost-plus-fixed-fee order to supply the U.S. Marine Corps with eight redesigned Turret Electronic Unit prototypes for use in fire control systems known as the AN/AAQ-30(A) Target Sight Systems, or TSS. This equipment will be used in the USMC's H-1 Upgrades Program, in which AH-1Z Cobra attack helicopters are remanufactured to convert them into AH-1Z Viper attack helicopters. The TSS is due for delivery by April 2016. The TSS provides target identification and tracking, as well as passive targeting for integrated weapons, including Hellfire missiles, and also a laser designation capability to illuminate targets for laser-guided weapons.
The article Lockheed Wins Contracts for MILSATCOM, Viper Upgrades Work originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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