Lockheed Martin Wins Two Contracts Worth $531 Million

Lockheed Martin received a $308 million contract modification from the U.S. Army Aviation and Missile Command for hardware and services associated with the combat-proven PATRIOT Advanced Capability-3 (PAC-3) Missile Segment program. 

The contract marks the first Foreign Military Sale of the PAC-3 Missile to Kuwait. Kuwait is the sixth international customer for the PAC-3 Missile. 

The contract includes production of 244 hit-to-kill PAC-3 Missiles, 72 launcher modification kits and associated tooling, as well as program management. This is the 14th production buy of the PAC-3 Missile Segment by the U.S. government. Deliveries will begin in 2014. 

Lockheed Martin is the prime contractor on the PAC-3 Missile Segment upgrade to the PATRIOT air defense system. The PAC-3 Missile Segment consists of the PAC-3 Missile, a highly agile hit-to-kill interceptor, the PAC-3 Missile canisters (each of which hold four PAC-3 Missiles, with four canisters per launcher), a fire solution computer and an enhanced launcher electronics system and launcher support hardware. 

Lockheed Martin also wins a $223 million contract to provide the Republic of Korea with Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) systems for the nation's AH-64E Apache helicopter. 

South Korea is the 12th international customer to purchase the M-TADS/PNVS-equipped Apache attack helicopter. The contract includes 36 M-TADS/PNVS systems and spares, with production through 2018. Electronics assembly of M-TADS/PNVS is performed at Lockheed Martin's Ocala, Fla., facility.

"M-TADS/PNVS will provide the Republic of Korea Army with unmatched capabilities and performance," said Mike Taylor, director of Apache international and support programs at Lockheed Martin Missiles and Fire Control. "Lockheed Martin looks forward to this partnership with the Republic of Korea Army to produce and field our modernized targeting and pilotage system for South Korea's formidable new AH-64E Apache attack helicopter fleet."