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LM Awarded $50 M Target Sight System Production Contract


ORLANDO, FL, July 8th, 2008 -- The Naval Surface Warfare Center has awarded Lockheed Martin [NYSE: LMT] a $50 million production contract for the Target Sight System (TSS), a new fire control system for the U.S. Marine Corps' AH-1Z Cobra attack helicopter. As the TSS developer, Lockheed Martin has begun producing 16 systems at facilities in Ocala and Orlando, FL. This first buy of TSS is scheduled for completion in 2010.

The TSS will add to the capability of the U.S. Marine Cobra fleet to protect the maritime battlespace, defeat armored seaborne and land threats, and provide improved surveillance for better situational awareness.

"We are pleased to provide Marine Corps aviation with a state-of-the-art precision system that will protect Warfighters and coalition forces," said Joseph Butera, Turreted Systems program manager at Lockheed Martin Missiles and Fire Control. "Long-range targeting and surveillance will enable aircrews to control engagements at safe standoff ranges, with a large increase in lethality and survivability."

Source : Lockheed Martin

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