NNS Awards $446M Contracts
March 21, 2001
Newport News Shipbuilding said that it awarded Lockheed Martin Integrated Systems Inc., a subsidiary of Lockheed Martin Corp., a $446 million subcontract for the warfare system for the CVN 77, the U.S. Navy's next nuclear-powered aircraft carrier. Virginia-based Newport News said it worked with Lockheed Martin Naval Electronics and Surveillance-Surface Systems, under an advance planning contract. The warfare system will be delivered as part of Newport News Shipbuilding's $3.8 billion contract from the Navy for the CVN 77 signed in January. The award to Lockheed includes an additional $40 million option for exterior communications equipment, Newport News said. Newport News shares were down 18 cents, at $50.52, during mid-afternoon trading on the New York Stock Exchange. - (Reuters)
Related News
US House Panel to Hold Hearing on Baltimore Bridge Collapse
US Navy Names Future Warship USS Helmand Province
VARD to Build Hybrid Ocean Energy Construction Vessel for Island Offshore
Authorities Identify Sixth Bridge Collapse Victim
FMD to Supply Retrofit Kits for US Navy Warship Engine Upgrades