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United States : LOCKHEED MARTIN pulls out $1.05 billion contract from US NAVY
Publish Date : 12-Apr-2012
The U.S. Navy has awarded $1.05 billion contract to Lockheed Martin for digital cockpits.
As per the terms of 5-year contract, Lockheed Martin will supply more than 200 digital cockpits and integrated sensors and mission systems for the Navy MH-60S ‘Sierra’ and MH-60R ‘Romeo’ helicopters.
“This contract award ensures uninterrupted, on-time deliveries of the MH-60R and MH-60S helicopter to the U.S. Navy fleet,” said Dan Spoor, vice president of aviation systems for Lockheed Martin’s Mission Systems & Sensors business, “Plus the multi-year structure, versus an annual contract, allows us to provide our customer with more than 10% savings annually, surpassing Pentagon cost predictions.
