Lockheed Martin (NYSE: LMT) has won a low-rate initial production contract worth $171.8 million from Northrop Grumman Aerospace Systems.
Lockheed will provide four AN/APY-9 Airborne Early Warning (AEW) radar systems and spare parts. Theses systems will become part of the U.S. Navy’s new E-2D Advanced Hawkeye aircraft.
“The APY-9 radar will provide unprecedented capability to the U.S. Navy and allied forces operating in the littorals to detect and track airborne and cruise missile threats, ” said Carl Bannar, vice president and general manager of Lockheed Martin’s Radar Systems business, headquartered in Syracuse, NY. “This radar represents a two-generation leap in AEW capability.”