Lockheed Lands JASSM, Sniper, and Airplane Defense Contracts

Lockheed Martin (NYSE: LMT  ) landed a trio of Pentagon contracts Friday, worth a combined $67.2 million. In ascending order of value, they consisted of:

  • A $16.4 million contract to supply 10 Large Aircraft Infra-Red Counter Measures aircraft modification kits, or A-Kits, for installation upon Marine Corps KC-130J transport aircraft by November 2015. Lockheed will also supply, install, and validate the installation of a "test" A-Kit.
  • A $16.6 million award to supply the Air Force with five Sniper Advanced Targeting Pods, five Compact Multiband Data Links, five Digital Data Recorders, and six pylons, as well as spare parts for the above. Lockheed will also perform integration, support, and program management work related to the sale through Dec. 31, 2014. Sniper is an exterior-mounted target acquisition system used on USAF and allied air force F-15, F-16, B-1, A-10, Harrier, and CF-18 aircraft.
  • A $34.2 million award to develop a Precision Targeting Module software package, including several test vehicles, GPS-controlled "radiation pattern antennas," and other equipment -- all to be used in upgrading the Joint Air-to-Surface Standoff Missile, or JASSM. DoD clarifies that this contract is "in support of foreign military sales to Finland" and will be completed by Jan. 31, 2016.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2466826, ~/Articles/ArticleHandler.aspx, 9/19/2014 10:19:30 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement