Author: Nichols Martin|| Date Published: December 19, 2017
Lockheed Martin (NYSE: LMT) has received a potential five-year, $135.5 million contract to provide integrated common processors to the maritime surveillance systems program office under the U.S. Navy‘s program executive office for submarines.
The Defense Departmentsaid Monday the Navy aims to equip Surveillance Towed Array Sensor System ships and applicable shore facilities with a suite of Integrated Undersea Surveillance System hardware and software platforms through the ICP program.
IUSS is a naval surveillance system designed with acoustic arrays that works to detect adversarial submarines.
Lockheed’s rotary and mission systems business will perform contract work in Virginia through December 2022.
The Space and Naval Warfare Systems Command is the contracting activity and the service branch will obligate funds upon issuance of individual orders under the indefinite-delivery/indefinite“quantity contract.
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