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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.

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9/27/2016 3:09 PM
LMT $246.08 Up +0.55 +0.22%
Lockheed Martin CAPS Rating: ****