The U.S. Navy has awarded Lockheed Martin Corp. a $25 Million contract modification for a sonar system upgrade. The upgrade will utilize commercial hardware and software and will be performed on Virginia Class ships which are in the process of being modernized. The work, which will take place pre-dominantly in Manassas, VA with the remainder completed at Lockheed’s Clearwater location, is expected to be completed in December 2011.
Nicolas Pujet, a corporate vice president and part of the strategy team at United Technologies Corp. (NYSE: UTX), will lead technology and engineering operations at UTC on an interim basis, Hartford Courant reported Wednesday.
Northrop Grumman (NYSE: NOC) has received a potential $141M task order to provide targeting pods for the U.S. Air Force.