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  • Thursday, April 25, 2024

Lockheed Pens Defense Deal

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $23, 827, 559 firm-fixed-price order against a previously issued basic ordering agreement (N00019-09-G-0014) for the procurement of 76 acoustic processor and receiver tech refresh retrofit kits for the AN/USQ-78(V) acoustic processor for P-3C Update III Program.  Work will be performed in Manassas, Va., and is expected to be completed in February 2014.  Contract funds will not expire at the end of the current fiscal year.  The Naval Air Systems Command, Patuxent River, Md., is the contracting activity.”

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