Lockheed To Develop New Rifle Scope For Military

AKRON, Ohio (AP) -- Lockheed Martin landed a $3.9 million contract to develop a rifle scope attachment meant to improve accuracy in the U.S. military.

The Defense Advanced Research Projects Agency contract authorized the development of system using a low-power laser rangefinder that adjusts for wind and other environmental conditions. The system is meant to allow soldiers to accurately view targets at varying distances without changing scopes.

Scopes currently focus primarily on a single target range "impacting soldiers' effectiveness and survivability when engaging targets at different distances during a single mission," said Dan Schultz, a Lockheed Martin vice president.

The nine-month contract, with options for extensions, calls for Lockheed Martin to develop the system for use on the M-4 and M-16 automatic rifles.

Work will be performed at Lockheed Martin's Akron, Ohio, site.

Shares of Lockheed Martin Corp. rose 13 cents to $80.53 in afternoon trading.

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