October 5, 2009 (FinancialWire) — Lockheed Martin (NYSE: LMT) has been awarded a contract worth $31 million from the Defense Advanced Research Projects Agency, or DARPA, for work to protect the security of military networks.

Under the contract, Lockheed Martin’s team will develop new cyber assurance procedures to improve security, dynamic bandwidth allocation, and policy-based prioritization levels at the individual and unit level.

The works includes the development router technologies that offer strong authentication and self configuration capabilities to improve security, reduce the need for trained network personnel and lower overall life cycle costs for network management.

Lockheed Martin is teamed with Anagran, Juniper Networks, LGS Innovations, and Microsoft to develop a new Military Network Protocol. Stanford University will also support the development effort.

Bethesda, Maryland-based Lockheed Martin is a security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

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