Dec. 19 (UPI) -- Lockheed Martin has been awarded a contract by the Air Force for the Sniper Advanced Targeting Pod, a precision targeting system for air-to-air and air-to-ground missions.
The $961.1 million deal, announced Monday by the Department of Defense, comes under the terms of an indefinite-delivery, indefinite-quantity, firm-fixed-price, cost-reimbursable contract, which is a cost-reimbursement deal that could potentially provide additional funds to Lockheed Martin if the company accumulates cost overruns.