Lockheed Martin to continue development of joint light tactical vehicle
DALLAS, Texas, 25 Aug. 2012. The U.S. Army and U.S. Marine Corps have awarded Lockheed Martin [NYSE:LMT] a $65 million contract to continue developing the Joint Light Tactical Vehicle (JLTV) through the Engineering and Manufacturing Development (EMD) phase. Work for this phase is expected to be completed on November 2014.
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Two of these JLTVs have already been produced on an active manufacturing line.
The firm fixed-price contract has a 27-month performance period with deliveries of 22 vehicles taking place within 12 to 14 months. Primary variants with companion trailers include the utility carrier and shelter (JLTV-UTL), a two-seat prime mover with an open bed; and the general-purpose vehicle (JLTV-GP), which is a four-seater that will carry troops, ammunition and small supplies.
Lockheed Martin’s JLTV EMD vehicles offer meets the high blast-protection standards, with margin, of many existing mine-resistant vehicles serving in combat today. Additionally, the Lockheed Martin team has shaved hundreds of pounds off the TD design, which has already been airlifted in helicopter lift tests.