Lockheed Martin Wins $223 Million South Korean Contract

Our Bureau
02:41 PM, August 5, 2013
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Lockheed Martin has won a $223 million firm-fixed-price, Foreign Military Sales (FMS) contract to supply Modernized-Target Acquisition Designations Sight Pilot Night Vision Sensors to South Korea.

Also known as "M-TADS/PNVS", these are advanced electro-optical fire control systems that AH-64D/E Apache attack helicopter pilots use to fly their helicopters and target their weapons systems in daylight, at night, and in adverse weather conditions.

In April, Boeing confirmed that it had won a contract to supply the Korean military with 36 such AH-64E Apache attack helicopters (a $1.6 billion deal for Boeing). Lockheed contract is tied up with this Boeing deal.

Lockheed has also received a $10 million modification for unscheduled maintenance on the Patriot Advanced Capability – 3 Missile Support Center. The cumulative value of the contract is $29 million.

Lockheed Martin Wins $223 Million South Korean Contract

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