Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Lockheed Martin Wins Defense Contracts for Avionics, Radar, and Missile Defense

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The Department of Defense announced a staggering 51 new contracts Monday, the most contracts it's awarded on any single day, at any time this year. And of these 51 contracts, Lockheed Martin (NYSE: LMT  ) won three:

  • $98.4 million: a firm-fixed-price, indefinite-delivery/indefinite-quantity contract to supply "up to" 50 AN/APS-153(V)1 automatic radar periscope detect-and-discrimination multi-mode radar kits to the U.S. Navy. These radar systems will be used to upgrade the Navy's MH-60R Sikorsky Seahawk helicopters, and are to be delivered by September 2016.
  • $67.3 million: a firm-fixed-price delivery order to supply mission avionics and common cockpits, including equipment specific to the requirements of the Danish military, and to provide non-recurring engineering, program support, and associated efforts also necessary to finish outfitting nine MH-60R Sikorsky Seahawk aircraft for the Government of Denmark under America's foreign military sales program. Delivery is due June 2018.
  • $20 million: an option exercise on a preexisting contract to "support advanced concepts initiatives" by the U.S. Missile Defense Agency's Aegis Ballistic Missile Defense Program Office, which is working to identify technology that can be used to upgrade the Aegis Ballistic Missile Defense system. Lockheed will be working on this contract through June 30, 2014. 

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.

Compare Brokers

Fool Disclosure

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: 2652613, ~/Articles/ArticleHandler.aspx, 9/25/2016 10:34:39 PM

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...

Today's Market

updated 2 days ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:02 PM
LMT $245.84 Down -0.78 -0.32%
Lockheed Martin CAPS Rating: ****