Lockheed Picks Up Lucrative Radar Deal from Navy

Lockheed Martin (NYSE: LMT) won a $119 million contract to present conceptual designs for the Air and Missile Defense Radar (AMDR) for the purpose of enhancing the Navy’s future defense against anti-ship and ballistic missile threats.

“Lockheed Martin’s AMDR design provides a high-performance radar suite capable of supporting simultaneous multi-mission operations in stressing environments, balanced with affordable lifecycle costs, ” said Carl Bannar, vice president of radar systems. “Our team has developed an open-architecture and modular design that has matured technologies through significant investment by our company and the Navy.”

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