Lockheed Wins $843 Million Contract for Next-Generation Targeting Pods

By Adam J. Hebert / August 20, 2001 at 5:00 AM
Lockheed Martin Missiles and Fire Control of Orlando, FL, has won the Advanced Targeting Pod competition, the Pentagon announced today. The contract for the next-generation, attack-aircraft targeting pods could be worth more than $843 million. The company, which beat two others in the competition, will receive $16.7 million initially to begin equipping 98 active-duty and 70 Air National Guard F-16s with the targeting pods. The indefinite-delivery/indefinite-quantity contract "provides for up to 522 pods and associated equipment, warranty, spares, support and...

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