Lockheed Wins Tomahawk, JASSM Missile Contracts
As the week wound down, Lockheed Martin claimed a pair of contract wins from the Pentagon, worth more than $17.1 million combined.
The smaller award, for $7.2 million, came Thursday and called on Lockheed's Information Systems and Global Services division to do software development work in support of the Tactical Tomahawk Weapons Control System. TTWCS is described as a system for computing Tomahawk cruise missiles' routes to their strike targets. The system can input new missions on-site and, once missiles are launched, can communicate with multiple Tomahawks to rapidly retarget and redirect the missiles in flight.
Lockheed's second award, issued Friday, concerns a different weapons system, the Joint Air-to-Surface Standoff Missile, or JASSM. Lockheed's Missiles and Fire Control division has been awarded $9.9 million in a delivery order against a previously issued basic ordering agreement to supply the U.S. Air Force with JASSM Common Unique Planning Component software. This contract should be complete by June 25, 2015.
The article Lockheed Wins Tomahawk, JASSM Missile Contracts 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.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
