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Lockheed Martin Receives PBL Contract For Apache M-TADS/PVNS Sensors

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Lockheed Martin [LMT] recently said it received a $111 million Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) Performance Based Logistics (PBL) contract from the Army.  The contract consists of a one-year base and three one-year options extending through December 2015. The total four-year contract value is $375 million.  The PBL contract is a firm-fixed price, comprehensive sustainment solution that enables mission readiness, reduces Operations and Support (O&S) costs and drives reliability and maintainability improvements. This is Lockheed Martin’s…

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