U.S. Army Awards Lockheed Martin $60 Million Production Contract

The U.S. Army recently awarded Lockheed Martin LMT a $60 million follow-on production contract for the combat-proven Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor, also known as Arrowhead®, for the AH-64D Apache attack helicopter. The $60 million Lot 8 base contract includes 23 Arrowhead kits for the National Guard, plus U.S. Government and Foreign Military Sales (FMS) spares and support. The contract also includes options for up to 46 systems and spares for delivery to the U.S. Army and an undisclosed FMS customer. Total contract value including the base and all options, if awarded, could reach approximately $290 million. The Lot 8 contract extends production through August 2013 for the base requirements, and January 2015 if all options are awarded.