GREENVILLE, S.C., June 12, 2012 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) delivered the fifth P-3 Orion with new Mid-Life Upgrade (MLU) modifications to U.S. Customs and Border Protection (CBP) more than 50 days ahead of schedule here today.
"Our Greenville team continues to demonstrate its level of excellence in complex work associated with maintenance, repair and overhaul," said Ray Burick, Lockheed Martin vice president for P-3 Programs and Greenville Operations. "The Lockheed Martin Greenville team has now delivered five aircraft in the past 23 months – a truly remarkable accomplishment for this team and our CBP customer."
The MLU replaces all fatigue life-limiting structures with enhanced-design components and incorporates a new metal alloy that is five times more corrosion resistant than the original material, greatly reducing the cost of ownership for P-3 operators. The MLU solution removes current aircraft flight restrictions and extends the structural service life of the P-3 up to 15,000 hours, adding more than 20 years of operational use.
"This accomplishment would not be possible without the mission success focus of our CBP government partner, which has demonstrated significant contributions to support homeland security and drug interdiction missions," Burick said. "We are very proud of the work we have accomplished today. Our Performance Based Logistics program with CBP is driving operational cost down and mission success up."The P-3 Orion is the standard for maritime patrol and reconnaissance, and is used for homeland security, hurricane reconnaissance, anti-piracy operations, humanitarian relief, search and rescue, intelligence gathering, antisubmarine warfare and, recently, to assist in air traffic control and natural disaster relief support. Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 123,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion. Please visit our websites: http://www.lockheedmartin.com http://www.codeonemagazine.com SOURCE Lockheed Martin Aeronautics Company
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV