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Lockheed Martin Books $340 Million Navy Option

Lockheed Martin (NYSE: LMT) picked up a $339.6 million option from the Navy for the fifth satellite in the Mobile User Objective System constellation.

MUOS will replace the current Ultra High Frequency Follow-On  system and provide assured communications, including simultaneous voice, video and data, for mobile warfighters.

“MUOS will provide 10 times more communications capability than the current UFO satellite system, ” said Mark Pasquale, Lockheed Martin vice president and MUOS program manager. “We are committed to successfully providing our warfighters with the critical capability of real-time communications on the move, as quickly and as cost-effectively as possible.”

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