July 28, 2009 (FinancialWire) — The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $142 million follow-on production contract for the Apache Arrowhead system, a sight and pilot night vision sensor for the AH-64D Apache attack helicopter.

The contract includes 55 Arrowhead kits for U.S. Army Apache helicopters and kits for several international customers. Over 850 of these systems will have been delivered with the completion of the contract, which extends production through December 2011.

Lockheed Martin rolled out the first Arrowhead system to the U.S. Army in May 2005, and completed integration on the first Apache helicopters in June 2005.

Bethesda, Maryland-based Lockheed Martin employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of technology systems, products and services.

The company reported 2008 sales of $42.7 billion.

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