Lockheed Martin Receives $49.9M Production Contract for Marine Corps Targeting System

Lockheed Martin LMT received a $49.9 million follow-on production contract from the Naval Surface Warfare Center for the Target Sight System, the fire control system for the U.S. Marine Corps' AH-1Z Cobra attack helicopter. The Naval Surface Warfare Center awarded the initial TSS production contract in March 2008, followed by a second production contract in June 2010. Lockheed Martin delivered the first TSS in June 2009, and recently began early delivery of low-rate initial production units. Production is expected to continue through 2018. TSS is produced at facilities in Ocala and Orlando, Fla.