The Navy has tapped Lockheed Martin Missiles & Fire Control of Orlando
for a contract worth $34 million to produce weapons-targeting systems for the
U.S. Marine Corps' AH-1Z Cobra helicopter fleet.
The Navy's Surface Warfare Center in Indiana awarded the deal late Tuesday. Lockheed will perform the work at its Orlando and Ocala operations.
The contract is the latest in a series of ongoing program awards that have helped Lockheed Missiles offset the threat of spending cuts related to the federal government's deficit-reduction measures and so sustain its local workforce of more than 4,000 people.
Terms of the new contract call for Lockheed to produce advanced target-sighting systems that will be installed in the AH-1Z Cobra Attack Helicopter. The work is part of an initiative by the Marine Corps to upgrade its older aircraft with state-of-the-art equipment for weaponry, navigation and other capabilities.
Lockheed's advanced target-sighting system identifies, tracks and targets enemy forces for laser-guided weapons such as Hellfire missiles, according to the U.S. Department of Defense. The new contract covers work that is scheduled for completion by November 2015.
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