Lockheed Martin Receives $33 Million Production Contract For U.S. Marine Corps Targeting System

ORLANDO, Fla., May 13, 2014 – Lockheed Martin [NYSE: LMT] received a $33.9 million follow-on production contract in 2013 from the Naval Surface Warfare Center (NSWC), Crane Division, for the Target Sight System (TSS), the fire control system for the U.S. Marine Corps’ AH-1Z Cobra attack helicopter.

Operationally deployed on the AH-1Z since 2011, TSS is a highly stabilized sensor suite that includes a laser designator, infrared pointer, color video display and third-generation, mid-wave, forward-looking infrared sensor with advanced image processing. It provides AH-1Z pilots the capability to identify, track and designate targets at maximum weapon range, significantly enhancing platform survivability and lethality.

“The Lot 11 award allows us to continue supporting the AH-1Z program’s accelerated delivery schedule and ensure each new helicopter is equipped with a TSS,” said Brad Partain, senior program manager of airborne systems at Lockheed Martin Missiles and Fire Control.

NSWC Crane awarded the initial TSS production contract in March 2008. Lockheed Martin delivered the first TSS in June 2009, and recently began early delivery of production units to support Lot 8 AH-1Z aircraft. TSS is produced at Lockheed Martin facilities in Ocala and Orlando, Fla. The Lot 11 contract extends production through May 2016.

TSS is one of several high-performance stabilized targeting systems designed, manufactured, tested and supported by Lockheed Martin. The company’s fielded solutions for fixed- and rotary-wing aircraft include the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor for the U.S. Army, Sniper advanced targeting pod for the U.S. Air Force and the AN/AAQ-39 targeting system for the U.S. Air Force Special Operations Command.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs approximately 113,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2013 were $45.4 billion.