Lockheed Martin (NYSE: LMT) won a $119 million contract to present conceptual designs for the Air and Missile Defense Radar (AMDR) for the purpose of enhancing the Navy’s future defense against anti-ship and ballistic missile threats.
“Lockheed Martin’s AMDR design provides a high-performance radar suite capable of supporting simultaneous multi-mission operations in stressing environments, balanced with affordable lifecycle costs, ” said Carl Bannar, vice president of radar systems. “Our team has developed an open-architecture and modular design that has matured technologies through significant investment by our company and the Navy.”