Lockheed Wins Engineering Design Deal from Navy

Lockheed Martin (NYSE: LMT) has won a $17 million contract to provide engineering design services for the MK 41 Vertical Launching System (VLS) on the U.S. Navy’s Ticonderoga-class cruisers and Arleigh Burke-class guided missile destroyers.

The cost-plus-fixed fee contract combines purchases for the U.S. Navy and eight Allied navies under the Foreign Military Sales program. Included in the work is missile integration, software development, integration of VLS into new ships, technical refresh, systems engineering and life cycle support for MK 41 VLS.

“The MK 41 is the most proven below-deck, multi-mission launching system in the world, ” said Dan Schultz, vice president and general manager of Lockheed Martin’s Ship and Aviation Systems business. “Working closely with the U.S. Navy, we have led the system design team and have been delivering, modernizing and supporting the MK 41 VLS system for more than 30 years. Its capability is second to none.”

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