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Lockheed Countermissile Contract Value Tops $1.6 Billion

By Rich Smith - Apr 17, 2013 at 5:56PM

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Defense contractor wins its second LAIRCM contract so far this month.

On Wednesday, the Department of Defense awarded Lockheed Martin (LMT 1.07%) its second contract so far this month, for work related to Northrop Grumman's (NOC -0.74%) Large Aircraft Infrared Countermeasures System, or LAIRCM.

On April 4, the U.S. Air Force awarded Lockheed $7.3 million to incorporate LAIRCM "NexGen Sensors" onto its HC/MC-130J special operations transport aircraft. Now, USAF is adding on a further $9.2 million in the form of a cost-plus-fixed-fee, cost-reimbursable contract to supply LAIRCM countermeasures "kits" for installation on its similar C-130J transport.

Work on this instant contract should be complete by March 31, 2015. In total, the funds awarded to Lockheed under the LAIRCM program have now topped $1.62 billion.

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Lockheed Martin Corporation Stock Quote
Lockheed Martin Corporation
LMT
$447.54 (1.07%) $4.76
Northrop Grumman Corporation Stock Quote
Northrop Grumman Corporation
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$467.62 (-0.74%) $-3.48

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