Lockheed Martin gets $14.2M contract |
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Mon, 16 Apr 2007 18:17
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SUNNYVALE, Calif. (AP) - Defense contractor Lockheed Martin on Monday received a $14.2 million contract from the U.S. Navy for program management and engineering services for a U.K. ballistic missile program.The U.K. Royal Navy's Trident II D5 missiles, built by Lockheed Martin, are used on British-build Trident ballistic missile submarines.Lockheed Martin is providing program management and planning support to the Royal Navy, as well as technical support and spare parts.The contract began April 1 and runs until March 31, 2008.Lockheed Martin shares rose 2 cents to $96.26 during midday trading on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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