Lockheed Martin Awarded Contracts Totaling $30.6 Million for Marine Corps Targeting System

ORLANDO, Fla., Decem­ber 5th, 2011 — Lock­heed Mar­tin [NYSE: LMT] received two con­tracts total­ing $30.6 mil­lion from the Naval Sur­face War­fare Cen­ter for the Tar­get Sight Sys­tem (TSS), the fire con­trol sys­tem for the U.S. Marine Corps’ AH-1Z Cobra attack heli­copter.

These con­tracts will pro­vide spare units and parts as well as pro­gram sup­port for the AH-1Z fleet. The Naval Sur­face War­fare Cen­ter award­ed the ini­tial TSS pro­duc­tion con­tract in March 2008 and fol­low-on pro­duc­tion con­tracts in June 2010 and Sep­tem­ber 2011.

Lock­heed Mar­tin deliv­ered the first TSS in June 2009, and recent­ly began ear­ly deliv­ery of fol­low-on pro­duc­tion units. Pro­duc­tion is expect­ed to con­tin­ue through 2018. TSS is pro­duced at facil­i­ties in Ocala and Orlan­do, Fla.

TSS pro­vides pos­i­tive com­bat iden­ti­fi­ca­tion at safe stand­off ranges,” said Joseph Butera, senior pro­gram man­ag­er of air­borne sys­tems in Lock­heed Martin’s Mis­siles and Fire Con­trol busi­ness. “The sys­tem allows AH-1Z avi­a­tors to con­fi­dent­ly engage the threat and return safe­ly to base.”

TSS inte­grates state-of-the-art sen­sors to pro­vide avi­a­tors with supe­ri­or imagery through a high­ly sta­bi­lized sen­sor suite, specif­i­cal­ly tai­lored to the AH-1Z plat­form. The suite includes a laser des­ig­na­tor, col­or TV cam­era and a third-gen­er­a­tion, mid-wave, for­ward-look­ing infrared sen­sor with advanced image pro­cess­ing.

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 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 com­pa­ny that employs about 126,000 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 2010 sales from con­tin­u­ing oper­a­tions were $45.8 bil­lion.

Melis­sa Hilliard,(407)356‑5351
e‑mail melissa.hilliard@lmco.com