DTN News - DEFENSE NEWS: Lockheed Martin Receives Sensor Sustainment Contract for the Apache Attack Helicopter
(NSI News Source Info) TORONTO, Canada - ORLANDO, Fla., January 6, 2016: The U.S. Army awarded Lockheed Martin (NYSE: LMT) a $31.8 million contract in December 2015 to sustain the AH-64D/E Apache’s targeting and pilotage system, the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS).
This Performance-Based Logistics (PBL) contract enables M-TADS/PNVS mission readiness, drives reliability and maintainability improvements, and reduces operation and support costs. A total of $31.8 million was obligated to Lockheed Martin through this one-year base contract award with a total value not to exceed $85.5 million. The period of performance is through December 2016, with four additional one-year options that would extend support through December 2020. The total five-year contract value potential is $424 million.
*Source: DTN News - - This article compiled by K. V. Seth from reliable sources Lockheed Martin
*DTN News - This article compiled by K. V. Seth
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