Lockheed Martin [NYSE: LMT] was awarded a $15m firm-fixed-price contract as part of the U.S. Navy's Modernization Program for the DDG 51 Arleigh Burke-class destroyers. The contract, for initial Machinery Control System (MCS) shipsets and related equipment, includes options and engineering services which, if exercised, would bring the cumulative value to $51.5m. MCS provides centralized and remote control of selected machinery on U.S. Navy DDG 51-class ships. The new contract follows three earlier awards (January and November 2007, and April 2008) to modernize computer programs, provide engineering services, backfit software and support integration of hull, mechanical and electrical systems aboard existing Arleigh Burke-class ships.