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Lockheed Martin Wins Air Force Contract

Lockheed Martin (NYSE: LMT) was awarded a $49.5 million Air Force contract modification for retrofit aircraft installations, according to the Defense Department.

The $49, 483, 339 cost-plus-fixed-fee contract modification includes retrofits for the Reliability and Maintainability Maturation Program and Structural Retrofit Program Phase II for aircraft that will be inducted during the second and third quarters of calendar year 2011 at the Palmdale, Calif., Depot facility.

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