Lockheed Wins $161.7 Million in Apache Upgrade Work

On Wednesday, Lockheed Martin (NYSE: LMT  ) announced 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.

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