Lockheed Gets $5.7m Navy Deal

The U.S. Navy awarded a $5.7m contract modification to a unit of Lockheed Martin Corp. Lockheed Martin Maritime Systems and Sensors will deliver cruiser modernization hardware to the Navy, which will be installed on the USS Mobile Bay and USS Philippine Sea in 2009.

The cruiser program is critical to the maintenance of the Navy's force structure and the successes of current and future Pentagon missions, the Navy said. The company will complete the work in Moorestown, N.J. and Ferrol, Spain through September 2009. Source: AP