Lockheed Martin wins Navy contract modification
- By Roseanne Gerin
- Jan 03, 2006
Lockheed Martin Corp. won a $144.3 million modification to a previously awarded contract for the development and demonstration phase of a Navy acoustic undersea surveillance system that can cover vast ocean areas for an extended period.
The company's maritime systems and sensors division of Manassas, Va., will perform design and systems engineering services for the Advanced Deployable System program.
The system, which is composed of distributed fields of sensors, will provide a quick and covertly deployable undersea surveillance capability to operational forces in regional conflicts. It will be able to detect quiet nuclear submarines, diesel-electric submarines, ships entering or exiting port and mine-laying operations.
The modification includes an option that increases the contract's total by $5.3 million.
The total contract is estimated at more than $243.3 million if all options are exercised.
Lockheed Martin will complete the work in Manassas, Melbourne, Fla., Everett, Wash., Riviera Beach, Fla., Portsmouth, R.I., and Newport, United Kingdom. The work should be completed by September 2008, but will continue to September 2010 if all options are exercised.
Headquartered in Bethesda, Md., Lockheed Martin has about 135,000 employees and had annual revenue of $35.5 billion in fiscal 2004. The company ranks No. 1
on Washington Technology's 2005 Top 100
list of federal prime contractors.