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Lockheed Martin Awarded Contract For Ship Missile Launching System

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Lockheed Martin Awarded Contract For Ship Missile Launching System
A Tomahawk launched off a U.S. Navy vessel. (Photo: U.S. Navy)

The Navy has awarded Lockheed Martin [LMT] a contract that could reach a value of $182 million for work on the Navy’s MK 41 vertical launch system for shooting missiles and other weapons from ships, the company said Tuesday. The award also includes work on the MK 41 for eight allied navies under the Foreign Military Sales program. The initial award of $10 million covers engineering services for the system deployed on U.S. Navy destroyers and cruisers. Lockheed Martin has…

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