Lockheed Wins $10 Million Special Ops Contract
Taking it easy after Turkey Day, the Department of Defense announced precisely one -- count it, one -- new defense contract Friday.
The lucky winner was Lockheed Martin , whose Mission Systems and Training division landed a $10 million contract to lease to the U.S. Special Operations Command a commercially classed dry submersible vessel known as "S301i." This miniature submarine is a dry lock-in/lock-out vehicle, and will be used for research purposes by SOCOM as it develops, tests, and evaluates how it might use Dry Combat Submersibles to transport Navy SEALs underwater.
A picture of what the S301i is believed to look like can be found here.
The article Lockheed Wins $10 Million Special Ops Contract originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.