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Joe North: Lockheed to Extend MK 41 Launch System Production for Navy

lockheed martinLockheed Martin (NYSE: LMT) will continue to produce MK 41 Vertical Launch Systems and provide spare parts management services to the U.S. Navy through 2022 under a potential $356 million contract.

The company said Monday the contract covers VLS launch control units and mechanical structure as well as final assembly, test and repair services, which the company will perform in Baltimore.

“We are proud to continue building these launchers and bring this significant capability to the U.S. Navy for its critical missions as we have for 32 years, ” said Joe North, vice president of littoral ships and systems at Lockheed.

Lockheed said MK 41 VLS can support missile launches across the land attack, anti-aircraft, antisubmarine and anti-surface platforms.

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