The U.S. Coast Guard announced the continuation to January 2011 of its Integrated
Deepwater System program which is being implemented by Integrated Coast
Guard Systems (ICGS). ICGS, a joint venture of Lockheed Martin (LMT)
and Northrop Grumman (NOC)
, is currently performing in the base term.
"The course has been set for the future and we look forward to
continuing our relationship with the Coast Guard into the next decade,"
said Leo Mackay, ICGS president. "Much has been accomplished during the
base term. This second award recognizes a successful acquisition strategy,
acknowledges this team's sound performance and is a mandate to continue
delivering operational capability to the men and women of the Coast Guard.
We are very pleased and proud that the Coast Guard has shown its confidence
in the ICGS team."
"We are transitioning into the production and delivery phase of the
contract," said James Anton, ICGS executive vice president. "More than 15
major Deepwater acquisitions are concurrently underway. We have already
deployed enhanced command, control and communications systems to the
existing fleet, and are continuing to deliver dramatically improved HH-65C
helicopters. We will launch the first National Security Cutter and deliver
the first Maritime patrol aircraft for testing this year, with follow on
production of both assets already underway."