Lockheed Martin Wins Close to $50 Million Contract from Naval Surface Warfare Center

Continuing a contract initialized in March 2008, defense giant Lockheed Martin (NYSE: LMT) received another order to produce the Target Sight System (TSS) also know as the fire control system in the AH-1Z Cobra attack helicopter used by the U.S. Marine Corps.

“Lockheed Martin’s TSS provides AH-1Z aviators with a system they can rely on to effectively support troops on the ground,” noted Joseph Butera, senior program manager of airborne systems in Lockheed Martin’s Missiles and Fire Control business. “TSS delivers precise targeting and accurate weapons delivery, while reducing operator workload.”

The $49.9 Million contract was awarded to Lockheed Martin by the Naval Surface Warfare Center and is the third production contract following the last in June 2010.

Bethesda-based Lockheed Martin says the state-of-the-art sensor system includes advanced image processing with a sensor suite that includes a laser designator, color TV camera and a third-generation, mid-wave, forward-looking infrared sensor.

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