Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

1

Lockheed Martin Wins $223 Million Contract for Korean Helicopters

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

Thursday was a very good day indeed to be a Lockheed Martin (NYSE: LMT  ) shareholder. Upon release of the Pentagon's daily issuance of new contract award announcements, it became apparent that Lockheed was one of the day's bigger winners, landing three clean contract wins and a piece of a fourth.

The biggest and most significant win for Lockheed was its receipt of a $223.3 million firm-fixed-price, Foreign Military Sales (FMS) contract to supply Modernized-Target Acquisition Designations Sight Pilot Night Vision Sensors to the Government of South Korea. Known by the cumbersome acronym "M-TADS/PNVS," these are advanced electro-optical fire control systems that AH-64D/E Apache attack helicopter pilots use to fly their helicopters and target their weapons systems in daylight, at night, and in adverse weather conditions.

In April, Boeing (NYSE: BA  ) confirmed that it had won a contract to supply the Korean military with 36 such AH-64E Apache attack helicopters (a $1.6 billion deal for Boeing). Today's contract win for Lockheed appears to be tied to that Boeing win.


Read/Post Comments (2) | Recommend This Article (1)

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.

  • Report this Comment On August 01, 2013, at 11:43 PM, hilarous wrote:

    I just have to say, when asking for your "FOOL" username? really? hilarious, i think you mean "FULL"??????

  • Report this Comment On August 02, 2013, at 11:27 AM, TMFDitty wrote:

    Yes, seriously.

    Or rather, Foolishly.

    As in:

    Foolishly yours,

    TMFDitty

Add your comment.

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: 2575327, ~/Articles/ArticleHandler.aspx, 2/6/2016 10:58:01 AM

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...

Rich Smith
TMFDitty

I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

Today's Market

updated 12 hours ago Sponsored by:
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASD 4,363.14 -146.42 -3.25%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

2/5/2016 4:00 PM
BA $122.56 Down -1.05 -0.85%
The Boeing Company CAPS Rating: ****
LMT $211.94 Up +1.73 +0.82%
Lockheed Martin Co… CAPS Rating: ****