Lockheed Martin wins $502M Army contract for AH-64 support

Investing.com - Lockheed Martin Corp. (NYSE: LMT) was awarded a $502,381,686 contract by the U.S. Department of War for post-production support services for AH-64 helicopter systems, the Army announced today.

The hybrid contract covers Modernized Target Acquisition Designation Sight/Pilot Night Vision Sight systems supporting AH-64 helicopters fielded worldwide through international agreements. The Orlando, Florida-based division of Lockheed Martin will perform the work.

Army Contracting Command at Redstone Arsenal, Alabama, is the contracting activity under designation W58RGZ-26-D-0052. One bid was solicited and one was received for the contract.

Work locations and funding will be determined with each order. The estimated completion date is July 5, 2031.

The contract structure includes cost-no-fee, cost-plus-fixed-fee, and firm-fixed-price components.

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