WASHINGTON (AFX) - Lockheed Martin Corp. said Wednesday that the Federal Aviation Administration has selected it to help develop a 'road map' for introducing unmanned aircraft systems into the National Airspace System.
Bethesda, Md.-based Lockheed Martin will assist the FAA's Unmanned Aircraft Program Office in refining its operating plans and budgetary requirements by creating a five-year road map of government and industry initiatives.
Financial terms were not disclosed.
Shares of Lockheed Martin, the nation's largest military contractor, dipped 30 cents to end at $85.14 on the New York Stock Exchange.
Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
© 2006 AFX News
