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Lockheed Wins Tomahawk, JASSM Missile Contracts

As the week wound down, Lockheed Martin (NYSE: LMT  ) claimed a pair of contract wins from the Pentagon, worth more than $17.1 million combined.

The smaller award, for $7.2 million, came Thursday and called on Lockheed's Information Systems and Global Services division to do software development work in support of the Tactical Tomahawk Weapons Control System. TTWCS is described as a system for computing Tomahawk cruise missiles' routes to their strike targets. The system can input new missions on-site and, once missiles are launched, can communicate with multiple Tomahawks to rapidly retarget and redirect the missiles in flight.

Lockheed's second award, issued Friday, concerns a different weapons system, the Joint Air-to-Surface Standoff Missile, or JASSM. Lockheed's Missiles and Fire Control division has been awarded $9.9 million in a delivery order against a previously issued basic ordering agreement to supply the U.S. Air Force with JASSM Common Unique Planning Component software. This contract should be complete by June 25, 2015.


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  • Report this Comment On June 15, 2013, at 3:06 PM, pigle36278 wrote:

    I'm going to take a wild guess. Since the "Motley Fool" seems to post any new defense-related Aerospace Contracts given, I'll bet this company is heavily invested in that area. Just a wild guess..

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I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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