
Information
Lockheed Martin Joins DD(X) National Team, Receives $175 Million Contract
MOORESTOWN, NJ, July 2, 2003 – Lockheed Martin (NYSE: LMT) has formally
joined the DD(X) National Team with the signing of a $175 million subcontract
with Raytheon, the lead systems integrator.
Lockheed Martin will leverage its naval systems experience and domain
expertise in total ship systems engineering, command and control, Integrated
Undersea Warfare (IUSW), weapons control, and phased array radar for the
design of Engineering Development Models (EDMs) for DD(X).
“DD(X) will deliver enormous new capability to the U.S. Navy,”
said Fred P. Moosally, president of Lockheed Martin’s Naval Electronics
& Surveillance Systems business. “We are confident that our
overall expertise in combat systems engineering and integration, along
with our extensive involvement in the Navy’s open architecture program,
will add considerable strength to the DD(X) National Team and, in the
end, deliver the best ship to the Navy.”
The DD(X) is the Navy’s next generation transformational surface
combatant tailored for land attack in support of a ground campaign and
maritime dominance. The National Team contracted to design and develop
DD(X) is led by Northrop Grumman.
Headquartered in Bethesda, Md., Lockheed Martin employs about 125,000
people worldwide and is principally engaged in the research, design, development,
manufacture and integration of advanced technology systems, products and
services.
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Media Contact: Nina D’Amico 856-722-3866; antoinina.r.damico@lmco.com
For additional information, visit our website
http://www.lockheedmartin.com
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