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Business/Financial

Lockheed Martin Gets $35 Million Contract For Brazilian Submarine Mod Effort

DDN

Wednesday, January 30th, 2008

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Lockheed Martin [LMT] was awarded a foreign military sale contract for $35 million to deliver advanced, open-architecture combat systems to modernize four Tupi-class submarines, one Tikuna-class submarine and one shore-based trainer system for the Brazilian navy, the company reported yesterday. According to a source, the contract was competitively awarded. However, it is unknown what other U.S. or international companies competed for the contract. Under a contract administered by the U.S. Navy, Lockheed Martin will provide systems engineering, sensors, software and…

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