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Lockheed Martin Wins $758M Contract to Update Naval Submarine Technology

Lockheed Martin (NYSE: LMT) has won a U.S. Navy indefinite-delivery/indefinite-quantity contract with a ceiling value of $758 million to provide submarine combat and sonar systems designed around commercially available hardware and software. Subcontractors DRS Technologies and Progeny Systems will play key roles in the hardware production. Lockheed will design,  develop and produce hardware …

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