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Lockheed Martin awarded $233M U.S. Navy contract

Lockheed Martin (LMT) Missiles and Fire Contro is awarded a $233,000,000 firm-fixed-price contract to procure 59 infrared receivers, to include 51 for the Navy and eight for the Air National Guard; 20 inertial measurement units for the Navy; and 45 Processors, to include 37 for the Navy and eight for the ANG, in the support of the full rate production and delivery of Infrared Search and Track Block II systems and initial spares for the Navy and ANG.

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