Lockheed Lands $68.7 Million in New Pentagon Contracts

The Pentagon has awarded Lockheed Martin (NYSE: LMT  ) $68.7 million in new defense contracts. Of the three contracts, the largest is a $50.2 million cost-plus-fixed-fee incrementally funded contract to provide "data transport and telecommunications services" to the U.S. Army through Sept. 30, 2013.

Lockheed's next-biggest award announced this week was an $11.8 million Foreign Military Sales award to provide maintenance and logistics support through June 30, 2015, for six Iraqi aircraft based out of the New al-Muthana Air Base in Baghdad, Iraq.

Finally, Lockheed won $6.7 million for the operational support of two K-MAX Cargo Unmanned Aircraft Systems (UAS) deployed in operational support of the Marine Corps. The K-MAX UAS is an unmanned helicopter built jointly by Lockheed and privately held aerospace firm Kaman Aircraft -- based on a helicopter design that Kaman already builds. The K-MAX is currently being used in small numbers to supply Marine detachments in Afghanistan in a trial run to see how it performs. Lockheed will be working on the instant contract through September 2013.

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