OWEGO, N.Y., Nov. 14, 2012 /PRNewswire/ -- The U.S. Naval Air Systems command awarded Lockheed Martin (NYSE: LMT) a $30 million contract to integrate new avionics and software on multiple C-130T aircraft as part of its avionics upgrade program.
Under the contract, Lockheed Martin will incorporate the Department of Defense's Future Airborne Capability Environment conformant cockpit, which gives the Navy unprecedented flexibility capability for reuse across multiple aviation platforms.
Lockheed Martin also will develop and deliver nine initial cockpit kits, providing the Navy with the ability to outfit its C-130T aircraft with the latest avionics and software technology, extending the fleet's mission capability for an additional 20 years.
"This award validates the Navy's confidence in our cockpit solution and expands our product offerings beyond the Common Cockpit for MH-60 helicopters," said Mark Swymeler, vice president, Electronic Product Line at Lockheed Martin's Mission Systems & Sensors business. "This program is an integral part of the Department of Defense's avionics obsolescence upgrade program and will affordably enhance flight crew situational awareness, productivity and safety."The contract includes a communication, navigation surveillance/air traffic management capability solution, complete display system upgrade, and will provide significantly improved human machine interface. Work will be performed in Owego, N.Y., and is expected to be complete in the first quarter of 2016. Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 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. For additional information, visit our website: www.lockheedmartin.com/ SOURCE Lockheed Martin
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