Lockheed Martin Receives $127 Million U.S. Navy Contract for South Korea

Manufacturing News, Source : TheManufacturer.com
Published : 16 Oct 2003 14:53

Bethesda, MD-based military contractor Lockheed Martin
received a $127 million foreign military sale contract from the U.S. Navy to deliver their MK 41 Vertical Launching System for three Republic of Korea KDX-III destroyers.

The naval missile launcher is capable of launching missiles for every threat in naval warfare, including anti-air, anti-submarine, ship self defense, land attack, and missile defense.

Lockheed Martin will issue subcontracts to United Defense of Aberdeen, SD, and Metric Systems of Fort Walton Beach, FL, to produce subassemblies for the MK 41 VLS.

Lockheed Martin employs about 125,000 people worldwide.

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