Author: Joanna Crews|| Date Published: March 6, 2018
Lockheed Martin (NYSE: LMT) has received a $481.2 million contract from the U.S. Navy to obtain long-lead-item materials the company will need to build four multimission surface combatant ships for Saudi Arabia.
MMSC is designed to support littoral and open-ocean missions, the Defense Departmentsaid Monday.
The Naval Sea Systems Command is the contracting activity and will obligate $240.6 million in foreign military sales funds at the time of award.
NAVSEA did not conduct a competitive procurement for the contract in accordance with the terms of an agreement between the U.S. and Saudi Arabia.
Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…
Lockheed Martin (NYSE: LMT) has received a $481.2 million contract from the U.S. Navy to obtain long-lead-item materials the company will need to build four multimission surface combatant ships for Saudi Arabia.
