U.S. Army Awards Lockheed Martin Corp $391 Million For Counterfire Radar Production

Lockheed Martin Corp announced that The U.S. Army awarded it $391 million in production orders for a new radar system that provides soldiers with enhanced 360-degree protection from rocket, mortar and artillery fire. The orders represent the execution of two contract options for a total of 33 AN/TPQ-53 (Q-53) counterfire target acquisition radars – formerly designated EQ-36 during their development and initial production – to be delivered by the end of 2014. The options include spares, testing and training materials. If all options are exercised, 38 additional low- and full-rate production systems could be added and the total contract value would exceed $800 million.