ORLANDO, Fla., 24 Sept. 2012.Lockheed Martin (NYSE:LMT) won from the U.S. Army a performance-based logistics (PBL) contract valued at $111 million for work on the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS).
The firm-fixed price contract includes a one-year base and three one-year options through Dec. 2015; the four-year contract is valued at $375 million.
M-TADS/PNVS modernizes the U.S. Army’s TADS/PNVS, also known as the “eyes of the Apache,” by upgrading the infrared sensors and associated electronics. M-TADS/PNVS provides Apache pilots with advanced, long-range, electro-optical precision engagement and pilotage capabilities to ensure mission success and flight safety in day, night, and adverse-weather missions.
The goal of the M-TADS/PNVS contract is to enable mission readiness, reduce operations and support (O&S) costs, and drive reliability and maintainability improvements.
“The M-TADS/PNVS PBL has demonstrated outstanding achievements in providing our soldiers with exceptional operational capability, and is an example of ‘Better Buying Power’ in action,” says Kathy Drysdale, chief of the Avionics and Radar division for the Apache Attack Helicopter. “The M-TADS/PNVS PBL program has been credited with improving fleet readiness, reducing average flying hour cost and reducing the Army’s long-term inventory investment. This enables us to achieve our ultimate goal--better support to the soldier.”
“The PBL program leverages a strong partnership between the warfighter, the Army, and Lockheed Martin, which contributes to the overall effectiveness of the Apache,” notes David Belvin, program director of Apache fire control programs in Lockheed Martin’s Missiles and Fire Control business. “The PBL contract delivers a support solution that reduces costs when compared to earlier approaches, while also providing strong levels of performance and value to our customer.”