Author: Mary-Louise Hoffman|| Date Published: November 15, 2016
Lockheed Martin (NYSE: LMT) has received a $125.2 million contract modification for engineering and technical support work on commercial off-the-shelf sonar equipment for the U.S. Navy.
The Defense Departmentsaid Monday that Lockheed’s rotary and mission systems business will continue to develop and produce Acoustic-Rapid COTS Insertion systems under the modification.
Work will occur in Virginia and New York through December 2017.
The A-RCI program aims to integrate and update towed, hull and sphere arrays and other ship sensor processing technologies through rapid insertion of COTS-based hardware and software, DoD noted.
The Navy obligated $18.3 million at the time of award from its fiscal 2013, 2014 and 2015 shipbuilding and conversion funds as well as fiscal 2017 research, development, test and evaluation funds.
Lockheed Martin (NYSE: LMT) has received a $125.2 million contract modification for engineering and technical support work on commercial off-the-shelf sonar equipment for the U.S. Navy.
