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Business/Financial

GAO Denies Raytheon Protest Of Sole-Source Aegis Mod Contract To Lockheed Martin

DDN

Monday, January 5th, 2009

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Systems Upgrading Work Will Proceed On Navy Destroyers , Cruisers The Government Accountability Office (GAO) denied Raytheon Co. [RTN] protests against several sole-source, non-competitive contracts that the Navy earmarked for Lockheed Martin Corp. [LMT] for modernization of Aegis weapon-control systems on Ticonderoga cruisers and Arleigh Burke Class destroyers. Raytheon Integrated Defense Systems had requested that the Navy reverse course and hold competitive bidding on the work, with Raytheon challenging three of four Navy sole- source procurements that the Navy said…

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