Lockheed Wins $161.7 Million in Apache Upgrade Work
On Wednesday, Lockheed Martinannounced that it has won two contracts from the U.S. Army under the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor program. The value of the combined contracts is stated as $161.7 million.
The contracts call upon Lockheed to provide and install a total of 482 Modernized Day Sensor Assembly (M-DSA) Modernized Laser Rangefinder Designator (M-LRFD) kits on Army Apache attack helicopters built by Boeing. These are in addition to the 92 M-DSAM-LRFD kits that the Army ordered from Lockheed in February of last year as the first lot in the series of contracts.
In a statement describing the two new contract awards, Lockheed noted that delivery of the Lot 1 units is expected to begin early this year, while subsequent lots will be taking place through Q3 2016.
The article Lockheed Wins $161.7 Million in Apache Upgrade 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 may not 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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