Lockheed Martin Gets $52.9M Air Force Pact
Thursday May 19, 11:49 am ET
Lockheed Martin Receives $52.9 Million Air Force Contract to Build Tail and Wing Kits
ORLANDO, Fla. (AP) -- Defense contractor Lockheed Martin Corp. on Thursday said it received a $52.9 million contract to make tail and wing kits used in sensor weaponry for the Air Force.
The company said it will manufacture 1,655 wind corrected munitions dispenser tail kits and 100 wind corrected munitions dispenser wing kits.
Lockheed Martin said the tail and wing kits increase a weapon's precision and range, and the wind-correcting technology allows fighter jet crews to use certain weapons at high altitude where they couldn't previously.
"WCMD has proven itself in combat and the new extended range version, WCMD-ER, enhances both the range and accuracy, improving the aircrew's survivability and enhancing mission responsiveness at an affordable price," said Randy Bigum, vice president of strike weapons at Lockheed Martin Missiles and Fire Control.
The contract also includes guidance kits for an unnamed international customer, and engineering and field installation support. The kits will be produced in Orlando and Ocala, Fla.; Carlsbad, Calif.; and Americus, Ga.
Shares of Lockheed Martin fell 19 cents to $64.65 in morning trading on the New York Stock Exchange.
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