Aerospace Group:

Navy/USMC

Lockheed Martin Wins Mk48 Torpedo Modification Deal

DDN

Wednesday, March 9th, 2011

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By Carlo Munoz Defense giant Lockheed Martin [LMT] has wrapped up a multimillion dollar deal to upgrade the Navy's heavy torpedo arsenal to take out shallow water targets, according to company officials. The $50 million contract awarded by Naval Sea Systems Command to Lockheed Martin this week will cover the initial and full-rate production of over 100 Common Broadband Advanced Sonar System (CBASS) replacement kits for the Mk48 torpedo. Outfitted with improved guidance and signals processing systems, as well as…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

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Congress

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Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

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