
Lockheed Martin [LMT] has dropped its protest of the Navy’s awarding of the contract for the new Air Missile Defense Radar (AMDR) to Raytheon [RTN], allowing the service to resume work on the program that had been halted while the protest was under review at the Government Accountability Office (GAO). Lockheed Martin lodged the protest in October, days after Raytheon had won the lucrative contract to build the massive radar slated for installation on the Navy’s next version of the…