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Business/Financial

Lockheed Martin, Northrop Grumman Win Navy’s CANES Award

DDN

Friday, March 5th, 2010

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By Geoff Fein The Navy yesterday awarded Lockheed Martin [LMT] $14.9 million and Northrop Grumman [NOC] $17.4 million contracts for the Consolidated Afloat Networks and Enterprise Services (CANES) system, a directed approach to reduce infrastructure and increase capability across surface ship networks. The two companies beat out separate entries from BAE Systems and Boeing [BA] for the indefinite-delivery/indefinite-quantity, cost-plus- incentive-fee, cost-plus-fixed-fee and firm-fixed-price contracts. "These contracts were awarded to design, develop and deliver a CANES engineering development model consisting of…

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