Lockheed wins $20.6m Deal

Wednesday, September 26, 2007
Lockheed Martin Corp (NYSE:LMT) said it has been awarded a $20.6m contract to upgrade fire control systems on Australian naval ships. Lockheed said it will upgrade the MK92 Fire Control System to support the introduction of Standard Missile 2 capability on the Adelaide-class guided missile frigates. [Source: Thomson Financial]
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Australian PM Promises 2500 Shipbuilding Jobs

Up to 2,500 shipbuilding jobs in Adelaide will be safe for "all time", the Prime Minister says, ahead of the expected announcement to build a new fleet of Navy ships worth $39 billion, reports ABC.

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Cochin Shipyard launched the seventeenth in a series of tweny Fast Patrol Vessels (BY 517) being built for Indian Coast Guard, the shipbuilding company said in a press release.

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