Lockheed Martin Gets $89.5 Million Army Contract

Lockheed Martin awarded $89.5 million Army helicopter contract

he Army said Monday that it has awarded an $89.5 million contract to a division of Lockheed Martin Corp. for work on helicopters.

The contract, awarded Friday, is for repairs and maintenance of sensors and other equipment on board the Apache helicopter.

Shares of Bethesda, Md.-based Lockheed fell $1.94, or 2.5 percent, to $75.86 in Monday's regular session. After hours, the stock fell another 23 cents to $75.63.

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