Released under the GIC Framework
Lockheed Martin [NYSE: LMT] has signed a $40 million foreign military sales contract to deliver Sniper Advanced Targeting Pods (ATPs) to the Royal Saudi Air Force. This is the second Sniper ATP purchase in a multi-year precision sensor modernization program to improve precision targeting, intelligence, surveillance and reconnaissance capability of Royal Saudi Air Force F-15S aircraft.
The Royal Saudi Air Force first purchased Sniper pods in March 2009. Operational evaluation of the pod on the F-15S concluded in January of this year, with the Royal Saudi Air Force declaring the pod mission ready.