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Business/Financial

Lockheed Gains $6.3 Million Vertical Launch Contract

DDN

Monday, January 19th, 2009

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The Navy gave Lockheed Martin Corp. [LMT] a $6.3 million contract to support MK 41 vertical launch systems for the U.S. and Turkish navies, Lockheed announced. Lockheed will provide engineering support services for MK 41 Vertical Launching System (VLS) work on the U.S. Navy Ticonderoga Class guided missile cruiser modernization program and the Turkish navy's MEKO Track IIA and IIB frigates. The latest MK 41 VLS baseline VII launch control system combines commercial off-the-shelf technologies and open architecture software elements.…

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