Lockheed Martin [LMT] yesterday said the Army awarded it $391 million in production orders for a new radar system that gives soldiers with enhanced 360-degree protection from rocket, mortar and artillery fire. In early March, the Army awarded the company an $881 million contract for the AN/TPQ-53 Firefinder Radar, formerly called the EQ-36 radar (Defense Daily, March 2). That firm fixed price award has a base year and two option years, which could yield as many as 51 systems. The…
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