Lockheed Lands $120M Navy Submarine Imaging System Engineering Contract

lockheed martinLockheed Martin (NYSE: LMT) has received a $120, 400, 598 contract modification to engineer and test the U.S. Navy’s submarine imaging system.

The company will work to design, refresh, reverse engineer, assess and develop the AN/BVY-1 system, the Defense Department said Wednesday.

Lockheed will execute the option under a previously awarded contract in Virginia, Massachusetts and Rhode Island through September 2016.

The system is designed to perform electronic search, digital image management, indication, warning and platform architecture interface for attack submarines, submersibles and nuclear ships.

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