Lockheed Martin Corp., based in Orlando, Florida, has been awarded an undefinitized letter contract with a ceiling value of $328,500,000 for Department of Defense and Foreign Military Sales (FMS) programs. The contract covers Sniper, Infrared Search and Track, and Low Altitude Navigation and Targeting Infrared for Night hardware production for fixed-wing aircraft.
Under the agreement, Lockheed Martin will procure and deliver fifty-five Infrared Search and Track Legion Enhanced Sensor pods, processors, pod containers, and processor containers to address the urgent operational needs of the Taiwan Air Force. Work will be carried out in Orlando, Florida, with an expected completion date of June 30, 2031. This sole source acquisition involves FMS to Taiwan, with $157.30 million in FMS funds obligated at the time of award. The contracting activity is managed by the Air Force Life Cycle Management Center, Electronic Systems Contracting Branch, Warner Robins, Georgia.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.