Lockheed Martin gets USD262m contract to sustain sensors on Saudi Arabia's F-15 fleet

Lockheed Martin (NYSE: LMT) said it received a USD262.8 million contract from the US Air Force for sustainment of the Kingdom of Saudi Arabia´s F-15 sensor suite.

The sensor suite includes Sniper® Advanced Targeting Pods (ATP), LANTIRN Extended Range (ER) navigation pods and Infrared Search and Track (IRST) systems.

Under the contract, Lockheed Martin will collaborate with Advanced Electronics company (AEC) to perform Sniper ATP and LANTIRN ER sustainment services as well as LANTIRN ER pod upgrades at the Sniper Expanded Repair Capability facility in Saudi Arabia. Lockheed Martin will support IRST sustainment at its IRST depot in Orlando, Florida.

AEC is a Saudi-based company focused on electronics manufacturing, system integration, and repair and maintenance services. Together with the US Air Force and Lockheed Martin, AEC will complete training and execute specific sustainment efforts, including maintenance on line replaceable units, logistics and upgrades.

Sniper ATP is a precision targeting system chosen by the US Air Force and 21 international air forces. IRST is a passive sensor system used by international F-15 customers. LANTIRN ER pods operate day or night, providing low-level navigation with terrain-following radar on international F-15 and F-16 aircraft.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that — with the addition of Sikorsky — employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.