BETHESDA (dpa-AFX) - Lockheed Martin (LMT) Tuesday said it has received a U.S. Navy contract to provide submarine combat and sonar systems designed around commercially available hardware and software. The company added that the indefinite delivery/indefinite quantity contract has a ceiling value of $758 million.
The company noted that the Navy's Technology Insertion Hardware program includes design, development and production of hardware for the next two submarine technology insertions planned for Seawolf, SSGN, 688/688i, Virginia Class, and future submarine systems and platforms. The U.S. Navy will provide the Royal Australian Navy with similar technology insertions for the Collins Class submarines through the Foreign Military Sales program.
In addition to Lockheed Martin, subcontractors DRS Technologies and Progeny Systems will play key roles in the production of hardware.
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