Lockheed Martin Wins $979M Missile-Defense Job and Northrop Wins $874.6M U.S. Postal Service Contract.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-5 March 2007-U.S. Equity News: Lockheed Martin Wins $979M Missile-Defense Job and Northrop Wins $874.6M U.S. Postal Service Contract(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:05032007 City of Industry, CA - Defense industry alert provided by U.S. Equity News. Lockheed Martin (NYSE: LMT) received a $979 million contract from the Defense Department for continued work on the Aegis ballistic missile defense weapon.

Bethesda-based Lockheed Martin will perform work related to the inclusion of the Aegis signal processor into the AN/SPY-1 radar, providing an advanced capability to defeat more complex missile threats. The signal processor will be installed on all Aegis ships beginning in 2010. Boeing Co. (NYSE:BA) said Thursday its directors elected Arthur...