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Wednesday, November 12, 2008

Lockheed receives $1.7B in Canadian Navy contracts

Lockheed Martin Corp. said Monday that the Canadian Navy has awarded it two contracts worth 2 billion Canadian dollars ($1.7 billion) for work on new combat systems for frigates.

The contract is for the installation and support of equipment that includes new command and control systems, radars, data links and other war fighting tools. The work will be done on 12 of the Canadian Navy's Halifax-class frigates.

Lockheed said it expects to hire up to 200 new employees in Canada to work on the programs.

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