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Lockheed Martin gets $15.2M Navy deal
By: The Associated Press | 15 Sep 2009 | 11:51 AM ET
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WASHINGTON - Lockheed Martin Corp. received a $15.2 million contract from the Navy for production of five underwater acoustic sensors used on submarines, the Pentagon said late Monday.

The device, deployed and operated underwater on a submarine, is used to passively detect acoustic energy, according to the government's notice.

Work will be performed in various locations including Syracuse, N.Y., Salt Lake City, Utah, and more, with a completion date by January 2011.

Shares of the Bethesda, Md.-based company added 35 cents to $75.94 in midday trading Tuesday.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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