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Lockheed Wins Combat System Role On New Australian Sub

Friday, October 7th, 2016

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Australia has picked Lockheed Martin [LMT] over Raytheon [RTN] to be the combat system integrator for the Future Submarine Program.Lockheed Martin’s selection means that the company and the Australian defense department will now begin negotiating a contract. During its work on the program, Lockheed Martin is expected to draw upon expertise from General Dynamics [GD] Electric Boat and Australian industry.“Lockheed Martin is honored to have been selected as the preferred tenderer to be the Future Submarine Program combat system integrator,”…

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