💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Lockheed wins U.S. Air Force deal for radar threat simulators

Published 06/21/2017, 08:17 AM
Updated 06/21/2017, 08:20 AM
© Reuters. A US Marine Corps Lockheed Martin F-35B fighter jet taxis after landing at the Royal International Air Tattoo at Fairford
LMT
-

PARIS (Reuters) - Lockheed Martin Corp (N:LMT) said on Wednesday it had won a $104 million U.S. Air Force contract to develop, produce and field a threat simulator to train combat aircrews to recognize and deal with rapidly evolving threats, such as surface-to-air missiles.

Tim Cahill, vice president of air and missile defense systems for Lockheed, said a number of other countries had already expressed interest in the Advanced Radar Threat System Variant 2, and talks could begin soon on possible sales.

Cahill did not estimate the volume of possible future sales, but potential buyers included all countries that plan to operate the stealthy F-35 fighter jet in coming years.

"It's a cool little program," he said. "This is just the first tranche, but it has the potential to be a really big program for us."

"As the capabilities on the ground from potential threat nations get stronger and better and more capable ... it's very important that the pilots need to train against a system that is actually a high-fidelity simulation of what they would fly against in combat," he said.

The contract calls for development and delivery of a production-ready system and options to produce up to 20 more.

© Reuters. A US Marine Corps Lockheed Martin F-35B fighter jet taxis after landing at the Royal International Air Tattoo at Fairford

Cahill said the truck-mounted system would emit signals that simulated those of current and evolving advanced surface-to-air threats.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.