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Lockheed Martin And Navantia Renew Surface Vessel Collaboration In MoA

Rich Abott By
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Lockheed Martin And Navantia Renew Surface Vessel Collaboration In MoA
Dale Bennett, Lockheed Martin executive vice president (left), shakes hands with Navantia President Esteban García Vilasánchez after signing a renewed Memorandum of Agreement between the companies to continue to collaborate in new business opportunities in surface ships and naval combat systems. (Photo: Lockheed Martin)

Lockheed Martin [LMT] and Spain’s Navantia signed a memorandum of Agreement (MoA) renewing their partnership supplying surface vessels, Lockheed said Thursday.The companies first started to collaborate 20 years ago by building and delivering the Aegis Combat System to Spain in the F-100 frigate. Lockheed highlighted the F-100 was the first frigate to incorporate Aegis in a ship under 9,000 tons. Under this agreement Navantia developed the combat management system and integrated Spanish weapons and sensors.Lockheed and Navantia delivered five frigates…

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