Lockheed Martin receives $383 million contract from US Army to maintain aerostat detection systems

Posted by Skyler Frink

BETHESDA, MD., Nov. 14, 2011. The U.S. Army awarded Lockheed Martin [NYSE: LMT] a $383 million contract to maintain, operate and sustain the Persistent Threat Detection Systems (PTDS).

The tethered aerostat provides real-time, around-the-clock reconnaissance and surveillance of broad geographic areas for warfighters in Iraq and Afghanistan.

Equipped with multiple sensors, PTDS is an aerostat-based system that delivers constant day and night, 360 degree detection, surveillance, monitoring and force protection.

The Army’s Program Executive Office for Intelligence, Electronic Warfare and Sensors, Project Manager for Robotic and Unmanned Sensors, based at Aberdeen Proving Ground, Md., will provide program and acquisition management.