Lockheed Martin Receives $223 Million M-TADS/PNVS Contract For Republic of Korea Apaches

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Aug 12, 2013, 10:30 ET

ORLANDO, Fla., Aug. 12, 2013 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) received a $223 million contract to provide the Republic of Korea with Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) systems for the nation's AH-64E Apache helicopter.

South Korea is the 12^th international customer to purchase the M-TADS/PNVS-equipped Apache attack helicopter. The contract includes 36 M-TADS/PNVS systems and spares, with production through 2018. Electronics assembly of M-TADS/PNVS is performed at Lockheed Martin's Ocala, Fla., facility. Final assembly is performed at Lockheed Martin's facility in Orlando, Fla.

"We are very proud and happy to further our relationship with the Republic of Korea by adding them to our growing list of U.S. allies flying and operating this exceptionally capable aircraft," said Lt. Col. Shawn Powell, U.S. Army Product Manager for the Apache International Sales Program, Apache Attack Helicopters Project Office. "Multiple systems come together on this platform to make the AH-64E Apache the most advanced and powerful attack helicopter in the world. They made a great choice."

"M-TADS/PNVS will provide the Republic of Korea Army with unmatched capabilities and performance," said Mike Taylor, director of Apache international and support programs at Lockheed Martin Missiles and Fire Control. "Lockheed Martin looks forward to this partnership with the Republic of Korea Army to produce and field our modernized targeting and pilotage system for South Korea's formidable new AH-64E Apache attack helicopter fleet."

Fielded in 2005, M-TADS/PNVS is known as the eyes of the Apache. It provides pilots with long-range, precision engagement and pilotage capabilities for mission success and flight safety in day, night and adverse weather missions. Forward-looking infrared sensors provide enhanced image resolution that enables Apache aircrews to prosecute targets and provide situational awareness in support of ground troops outside detection ranges.

Lockheed Martin Missiles and Fire Control is a 2012 recipient of the U.S. Department of Commerce's Malcolm Baldrige National Quality Award for performance excellence. The Malcolm Baldrige Award represents the highest honor that can be awarded to American companies for achievement in leadership, strategic planning, customer relations, measurement, analysis, workforce excellence, operations and business results.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 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 net sales for 2012 were $47.2 billion.

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SOURCE Lockheed Martin