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Saturday, September 05, 2015

Lockheed Martin just landed a $428 million deal to keep modernizing US Navy ships

Arleigh Burke class DDGLockheed Martin beat out Raytheon to win a contract worth up to $428 million to continue modernizing Aegis combat systems on U.S. Navy ships, the Pentagon announced on Friday.

The U.S. Department of Defense said the Navy awarded Lockheed an initial contract worth $26.5 million, which includes options that would bring the total value to $428 million.

Lockheed said the 10-year contract expands its 40-year legacy integrating the Aegis combat system on Navy warships.

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