Tuesday, Lockheed Martin (LMT), a provider of aerospace and defense products, said it received a $50 million production contract from Naval Surface Warfare Center for the Target Sight System. The new fire control system is intended for U.S. Marine Corps' AH-1Z Cobra attack helicopter. This first Target Sight System is scheduled for completion in 2010.
The Bethesda, Maryland-based Lockheed Martin noted that Target Sight System would provide U.S. Marine Cobra fleet to protect the maritime battlespace, defeat armored seaborne and land threats, and would add improved surveillance for better situational awareness.
The new system will enable long-range targeting and surveillance that help aircrews to control engagements at safe standoff ranges, with a large increase in lethality and survivability, the company noted.
Designated the AN/AAQ-30, the system would provide electro-optical and forward-looking infrared multi-sensors for state-of-the-art targeting of missiles and gunfire at long ranges. Further it would provide capability to identify and laser-designate targets at maximum HELLFIRE missile range, increasing the Cobra's targeting capabilities and reducing cockpit workload.
In a counter-insurgency role, the versatile system also provides day/night intelligence, surveillance and reconnaissance. Lockheed Martin has started producing 16 systems at facilities in Ocala and Orlando.
The system has a large-aperture mid-wave sensor, color TV, a laser designator and rangefinder with eyesafe mode. An on-gimbal inertial measurement unit is integrated into a highly stabilized turret to ensure rock-steady targeting.
The Target Sight System is lightweight and can be integrated on other fixed- and rotary-wing platforms. A similar turreted system, the Gunship Multispectral Sensor, provides fire control for the AC-130 gunship.
LMT is currently trading at $104.12, up $1.50 or 1.46% on a volume of 802K shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.