Lockheed Martin [LMT] recently said it received a $90.6 million Performance Based Logistics (PBL) contract from the Army for sustainment of the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) system on AH-64 Apache helicopters.
This is the first of three options under the $111 million PBL contract awarded in 2012. The total four-year contract value is $375 million.
The firm, fixed price contract provides a comprehensive sustainment effort to enable mission readiness, reduce operation and support costs, and drive reliability and maintainability improvements.
M-TADS/PNVS is the advanced electro-optical fire control system that Apache pilots use for safe flight in day, night or bad weather missions. It provides Apache pilots with long-range precision engagement and flying capabilities.
“Lockheed Martin works closely with the U.S. Army to provide highly reliable products to the warfighter while implementing efficiencies and cost-saving measures,” said Tom Eldredge, program director of M-TADS/PNVS international and support programs at Lockheed Martin Missiles and Fire Control.
PBL is a support strategy that uses an integrated, affordable performance package designed to optimize system readiness.