Lockheed Martin Wins $160 Million Navy Contract
The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $160 million follow-on contract for technical and engineering support of its land-based test facility for the Aegis Ballistic Defense Weapon System.
Known locally as the “the Cruiser in the Cornfield” for its ship-like exterior appearance, the Navy’s vice Admiral James H. Doyle Combat Systems Engineering Development Site develops, integrates and delivers computer software that allows the Aegis Weapon System to constantly evolve to meet the world’s emerging threats.
CSEDS incorporates, classified, real-time networks that connect numerous contractor and U.S. government facilities.
In addition to ongoing support for CSEDS, the new contract calls for Lockheed Martin to support, operate and maintain the Naval Systems Computing Center and the SPY-1A naval radar test suite located near CSEDS.
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.
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