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Business/Financial

BAE Won’t Protest Navy’s Vertical Launch Award To Lockheed Martin

Defense Daily Staff

Monday, January 12th, 2015

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BAE Won’t Protest Navy’s Vertical Launch Award To Lockheed Martin

An Mk 41 VLS launches an SM-6 off the USS John Paul Jones (DDG-53). (Photo: U.S. Navy)

BAE Systems will not oppose the Navy’s award last month to Lockheed Martin [LMT] for the production of the Mk 41 ship-based missile vertical launch system, the company said Monday.“We have concluded our review of the Navy’s recent vertical launch system mechanical and electronic award decisions and have elected not to protest,” BAE said in a statement.BAE has received an explanation from the Navy before choosing against lodging a protest with the Government Accountability Office. A protest likely would have prompted…

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