Lockheed Martin receives $90 Million Contract for Qatar Apache targeting and pilotage systems

Lockheed Martin [NYSE: LMT] received a $90.6 million foreign military sale contract from the U.S. Army to provide Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) systems to the Qatar Emiri Air Force. Qatar marks the 14th international customer for the M-TADS/PNVS system.

Fielded in 2005, M-TADS/PNVS provides Apache pilots with long-range, precision engagement and pilotage capabilities for safe flight during day, night and adverse weather missions. Lockheed Martin has delivered more than 1,250 M-TADS/PNVS systems and spares to the U.S. Army and international customers.

The Qatar sale is an option under the U.S. Army's Lot 9 contract, awarded to Lockheed Martin in May. The option includes production of M-TADS/PNVS targeting and pilotage systems and spares for the Qatar Emiri Air Force's new fleet of AH-64E Apache attack helicopters. It extends production in Orlando and Ocala, Florida, through 2017.