Lockheed Gets $9 Million Navy Pact and Three Firms Interested in Buying Raytheon Aircraft.

0 Comments | M2 Presswire, November, 2006

M2 PRESSWIRE-27 November 2006-U.S. Equity News: Lockheed Gets $9 Million Navy Pact and Three Firms Interested in Buying Raytheon Aircraft(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:27112006 City of Industry, CA - Defense industry alert provided by U.S. Equity News. The Navy said Wednesday it awarded a contract worth nearly $9.1 million to a unit of Lockheed Martin Corp.

(NYSE:LMT) The pact, granted to Liverpool, N.Y.-based Lockheed Martin Maritime Systems and Sensors, will provide funds to upgrade anti-submarine warfare and contact avoidance technology. Work will be performed in Liverpool, N.Y., and will be completed by December 2009. The U.S. Navy awarded Wednesday a contract modification worth $20.1 million to a subsidiary of General Dynamics Corp. (NYSE:GD)....

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