OWEGO — Lockheed Martin (NYSE: LMT) won a $30 million contract from the U.S. Naval Air Systems command to integrate new avionics and software on multiple C-130T aircraft.
The work will be performed at Lockheed’s Owego facility, which employs 2,900 people. The project is part of the C-130T’s avionics upgrade program, according to Lockheed.
“This award validates the Navy’s confidence in our cockpit solution and expands our product offerings beyond the Common Cockpit for MH-60 helicopters,” Mark Swymeler, vice president for the electronic product line at Lockheed’s mission systems and sensors business. “This program is an integral part of the Department of Defense’s avionics obsolescence upgrade program and will affordably enhance flight crew situational awareness, productivity and safety.”
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“They are family. They would never do that!” Our guard comes down as it is hard to imagine a family member capable of business fraud. Unfortunately, that is when the
Lockheed employs about 120,000 people worldwide and generated net sales of $46.5 billion 2011. The company earned about $2.7 billion last year and also employs 2,300 people at a plant in Salina.
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