Lockheed Awarded $9.3 Million for Upgrades to Taiwanese P-3 Fleet

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On Friday, the Department of Defense announced that it has awarded Lockheed Martin's (NYSE: LMT  ) Mission Systems and Training division a $9.3 million modification to a previously awarded firm-fixed-price contract, asking the company to incorporate proposed engineering changes into 12 P-3 Orion subhunting aircraft that Taiwan has ordered under the Foreign Military Sales Program. 

Specifically, Lockheed's tasks will be to:

  • incorporate the "Complimentary Navigation Message ECP, which updates RINU-G and Control Display Unit software for a message set required by the Harpoon Block 2 Missile for precision targeting."
  • incorporate the ALR-97/Electronic Support Measures ECP, which updates the ALR-95 system.
  • upgrade Mode "4" software to Mode-T software.
  • update technical manuals related to all of the above.

The contract being modified was originally awarded to Lockheed in March 2009. Lockheed's work on this current modification to the contract should be complete by next February.

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9/29/2016 4:02 PM
LMT $242.34 Down -3.41 -1.39%
Lockheed Martin CAPS Rating: ****