Longbow JV Wins Awarded $86 Million UK Apache Helo Contract
February 23, 2010 (FinancialWire) — The Longbow Co., a joint venture of Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC), said it was recently awarded an $86 million contract from AgustaWestland to support Longbow FCR systems on the United Kingdom Apache AH Mk-1 aircraft.
The four-year contract includes engineering services, integrated logistics and an in-country repair capability. Â Support services will continue through March 2014, and will be performed at Wattisham Airfield in the U.K.; Lockheed Martin facilities in Ocala and Orlando, FL; and Northrop Grumman facilities in Baltimore, MD.
Longbow FCR is currently being used in U.K. Apache operations in Afghanistan. The JV’s partnership with AgustaWestland is meant to ensure “the highest operational availability and system reliability at the lowest sustainment cost,” according to a company statement.
The contract is a component of the integrated operational support provided by AgustaWestland to the UK Ministry of Defence.
The Longbow FCR is a specialized radar system meant to provided Apache aircrews with target detection, location, classification and prioritization. It is designed to work in all weather conditions, over multiple terrains and through various battlefield obscurants. The Longbow FCR integrates with the Apache’s M299 smart launcher and the Hellfire missile.
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
