LMIS Gets Contract
Lockheed Martin Integrated Systems Inc., a Lockheed Martin Co., Syracuse, N.Y., is being awarded a $5,469,588 modification to a previously awarded contract (N00024-99-C-6212) to provide up to 61,014 man-hours of engineering and technical services for the development of Navy towed systems. Work will be performed in Syracuse, N.Y. (50%), and Sylmar, Calif. (50%), and is expected to be completed by December 2002. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
NNS Awards $446M Contracts
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)
