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Lockheed Awarded Potential $80M Navy Contract to Develop LCS Combat Mgmt System

Littoral-Combat-ShipLockheed Martin‘s (NYSE:LMT) mission systems and training business has secured a potential $79.6 million contract from the U.S. Navy to build a combat management system for Littoral Combat Ships.

The Defense Department said Monday the contract covers the development and integration of hardware and software as well as combat system technical data packages for the LCS Frigate increment program under the cost-plus-incentive-fee, firm-fixed-price contract.

The Naval Sea Systems Command will obligate $1.1 million in fiscal 2016 research, development, test and evaluation funds for work to be performed in New Jersey, California, Florida and Virginia through June 2021.

Lockheed Martin MST provides systems engineering, software development, complex program management, supply chain and logistics systems, training and simulation technologies to customers in the global security, civil and commercial markets.

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