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Business/Financial

Lockheed Martin Protests Navy’s BAMS Award

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Tuesday, May 6th, 2008

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By Geoff Fein Lockheed Martin [LMT] yesterday filed a protest of the Navy's award of a $1.16 billion contract to Northrop Grumman [NOC] for the Broad Area Maritime Surveillance (BAMS) unmanned aerial system (UAS). The service awarded Northrop Grumman the contract to develop the persistent intelligence, surveillance and reconnaissance UAS for maritime security on April 22. Northrop Grumman won out over Lockheed Martin and Boeing [BA]. "Lockheed Martin is committed to proposing and delivering best value solutions for our customers'…

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