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Business/Financial

Lockheed Martin Canada Wins $2 Billion Contract For Halifax Mod Effort

DDN

Tuesday, September 9th, 2008

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By Geoff Fein A Lockheed Martin [LMT] Canada industry team was awarded a $2 billion contract from the Canadian government to design and build the combat system for that nation's 12 Halifax-class frigates. Lockheed Martin beat out both a General Dynamics [GD]-led team and another that included Canadian-based MacDonald, Dettwiler and Associates Ltd. (MDA), Atlas Elektronik, and European Aeronautic Defence and Space Co. (EADS). The Canadian government announced the awarding of the two contracts to Lockheed Martin on Sept. 5.…

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