Lockheed Martin Wins $133 Million Army Contract
October 8, 2009 (FinancialWire) — Lockheed Martin (NYSE: LMT) has received a $133 million award to provide the U.S. Army with eight threat detection systems to support coalition forces.
Similar LMT systems have been in use by the Army since 2004. They are equipped with multi-mission sensors to provide long endurance intelligence, surveillance, reconnaissance and communications in support of coalition forces.
Nine systems are currently deployed, and the additional eight will be provided over the next 11 months.
The airborne systems are filled with helium, aerostats and other lighter-than-air materials, They provide communications and surveillance capabilities not possible with other types of aircraft.
Attached by a high-strength tether to a re-locatable mooring system, aerostats can stay continuously aloft for weeks, carrying different types of surveillance equipment to conduct multiple missions.
Bethesda, Maryland-based Lockheed Martin is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
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