DTN News: Lockheed Martin Awarded $24M Contract To Continue Maritime Surveillance Systems For Anti Submarine Warfare....NSI News Source Info # 1133

DTN News: Lockheed Martin Awarded $24M Contract To Continue Maritime Surveillance Systems For Anti Submarine Warfare....NSI News Source Info # 1133
(NSI News Source Info) SAN DIEGO, - October 18, 2010: Advanced acoustic processing and tracking capabilities provided by Lockheed Martin [NYSE: LMT] will enhance underwater surveillance and help increase situational awareness for the U.S. Navy fleet.
Lockheed Martin has been awarded a follow-on contract from the Navy’s Space and Naval Warfare Systems Command to provide technology updates and new concepts to detect and track submarines. This contract extension is valued at $24 million.
“For more than 10 years we have provided the Navy with innovative automation technology to counter asymmetric threats and conduct anti-submarine warfare,” said Jim Quinn, vice president -of Lockheed Martin’s Information Systems & Global Solutions-Defense. “The capabilities we are providing will help detect, track, and localize undersea threats faster and more accurately.”