Lockheed Martin Ocala Receives Another Major Contract

Posted on: September 06, 2013

Lockheed Martin Corp.’s Missiles & Fire Control unit was recently awarded a $34 million contract from the Navy to produce weapons-targeting systems for the U.S. Marine Corps’ AH-1Z Cobra helicopters, according to a report in the Orlando Sentinel.

Under the contract, work is scheduled to be completed by November 2015 and Lockheed (NYSE: LMT) will perform the work at their Ocala and Orlando facilities. The new weapons-targeting systems are part of the Marine Corps’ initiative to upgrade its older aircraft.

This is the second major contract for the facilities that Lockheed has announced in recent weeks. LMCO announced in late-August that it received a $223 million contract from the Republic of Korea to produce its Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor systems for the nation's Apache helicopters.

Bethesda, Md.-based Lockheed (NYSE: LMT) employs nearly 1000 at it Ocala facility.

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