Lockheed Martin (NYSE:LMT) has won a contract to maintain the Persistent Threat Detection System.

Lockheed Martin (NYSE:LMT) has received a $383 million contract to maintain and sustain the aerostat-based Persistent Threat Detection System (PTDS), which is used to provide continuous surveillance, monitoring and force protection of the areas in Iraq and Afghanistan.

Lockheed Martin (NYSE:LMT) Mission Systems & Sensors’ Integrated Defense Technologies director Colleen Arthur said, “Lockheed Martin (NYSE:LMT) has a 80-year heritage of providing lighter-than-air systems to the military, that provides a much needed capability to keep our men and women safe in theater. PTDS is a highly effective combat-proven system, and provides eyes-on-target and real-time situational awareness for our warfighter”.

Lockheed Martin (NYSE:LMT) stocks are currently standing at 77.35.

Price History
Last Price: 77.35
52 Week Low / High: 66.36 / 82.43
50 Day Moving Average: 74.76
6 Month Price Change %: -2.7%
12 Month Price Change %: 10.4%