Lockheed Wins $43.9 Million for Shipboard Missile Defense

On Thursday, the Department of Defense announced that it has awarded Lockheed Martin's (NYSE: LMT  ) Mission Systems and Sensors division a $43.9 million "modification" to a previously awarded fixed-price-inventive contract.

The contract in question calls on Lockheed to supply multimission signal processor equipment, ballistic missile defense equipment, and related spare parts and engineering services to outfit three guided missile destroyers -- the USS Arleigh Burke, USS Mitscher, and USS Milius, designated DDG 51, DDG 57, and DDG 69, respectively. All three destroyers are equipped with Lockheed's Aegis ballistic missile defense system and belong, generically, to the Arleigh Burke class, that vessel being the first of her line.

Work on the project is expected to be complete by June 2015.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2214846, ~/Articles/ArticleHandler.aspx, 11/26/2014 10:40:57 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement