Thursday, September 24, 2015

Lockheed lands $120 million Navy sub imaging system engineering contract

Staff, GovConWire
24 September 2014

Lockheed Martin (NYSE: LMT) has received a $120,400,598 contract modification to engineer and test the U.S. Navy’s submarine imaging system.
The company will work to design, refresh, reverse engineer, assess and develop the AN/BVY-1 system, the Defense Department said Wednesday.
Lockheed will execute the option under a previously awarded contract in Virginia, Massachusetts and Rhode Island through September 2016.
The system is designed to perform electronic search, digital image management, indication, warning and platform architecture interface for attack submarines, submersibles and nuclear ships.

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