Lockheed Martin Gets $320 Million Contract From U.S. Missile Defense Agency
August 06 2019 - 1:02PM
Dow Jones News
By Michael Dabaie
Lockheed Martin (LMT) said it was awarded a $320 million
contract from the U.S. missile defense agency to work on the
Command, Control, Battle Management and Communications system, or
C2BMC.
The system gives commanders an integrated picture of potential
or current threats across the globe. Lockheed Martin said its team
will integrate the Long-Range Discrimination Radar, as well as
sensors that provide advanced tracking capabilities for emerging
threats into the Ballistic Missile Defense System.
Lockheed Martin said its C2BMC team includes Northrop Grumman
(NOC), Boeing (BA), Raytheon (RTN), General Dynamics (GD) and small
businesses with expertise in key areas. The new contract extends
the team's performance on C2BMC through December 2022.
The team will enhance C2BMC's threat characterization, tracking
and advanced threat-warning capabilities and further harden the
overall cybersecurity posture of the system, Lockheed said.
Lockheed Martin shares are up about 1% midday Tuesday.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
August 06, 2019 12:47 ET (16:47 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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