Lockheed Martin to Build Advanced Sonar Systems as Navy’s Heavyweight Torpedo Returns to Production

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300px-Mk 48 torpedo maintenance 1982

Corporation will build guidance and control systems for MK 48 torpedoes under U.S. Navy contract valued at up to $425 million

MARION, Mass. May 25, 2016 – Lockheed Martin (NYSE: LMT) will provide the U.S. Navy the latest advancements in sonar systems under a contract valued at up to $425 million for guidance and control systems for the MK 48 Mod 7 torpedo, part of a five-year effort to increase the inventory of the MK 48 Mod 7 heavyweight torpedoes for the submarine fleet.

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Aegis Ballistic Missile Defense System Successfully Tracks Simulated Missile

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USS JOHN PAUL JONES (DDG-53), May 19, 2016 – The USS JOHN PAUL JONES, supported by the U.S. Navy, Missile Defense Agency and Lockheed Martin (NYSE: LMT), used Aegis Baseline 9 terminal engagement capability to detect and track a Medium Range Ballistic Missile (MRBM) target. This exercise marked the first demonstration of Aegis’s ability to conduct a complicated tracking exercise against a MRBM during its endo phase of flight.

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