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TheStreet Open House

Lockheed Martin Receives $71 Million Long Range Anti-Ship Missile Contract From The U.S. Navy

Stocks in this article: LMT

"Our company investment in shipboard integration, combined with the new surface-launch flight tests, will provide an integrated OASuW solution compatible with surface ships," said Scott Callaway, LRASM surface-launched program manager at Lockheed Martin Missiles and Fire Control.

Armed with a proven penetrator and blast-fragmentation warhead, LRASM cruises autonomously, day or night, in all weather conditions. The missile employs a multi-modal sensor, weapon data link, and an enhanced digital anti-jam Global Positioning System to detect and destroy specific targets within a group of ships.

Lockheed Martin Missiles and Fire Control is a 2012 recipient of the U.S. Department of Commerce's Malcolm Baldrige National Quality Award for performance excellence. The Malcolm Baldrige Award represents one of the highest honors that can be awarded to American companies for achievement in leadership, strategic planning, customer relations, measurement, analysis, workforce excellence, operations and business results.

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 2012 were $47.2 billion.

For additional information, visit our website: http://www.lockheedmartin.com

Distribution Statement "A" (Approved for Public Release, Distribution Unlimited).

SOURCE Lockheed Martin

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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