Lockheed Wins Radar Deal from NGC Aerospace
Lockheed Martin (NYSE: LMT) has won a low-rate initial production contract worth $171.8 million from Northrop Grumman Aerospace Systems.
Lockheed will provide four AN/APY-9 Airborne Early Warning (AEW) radar systems and spare parts. Theses systems will become part of the U.S. Navy’s new E-2D Advanced Hawkeye aircraft.
“The APY-9 radar will provide unprecedented capability to the U.S. Navy and allied forces operating in the littorals to detect and track airborne and cruise missile threats,” said Carl Bannar, vice president and general manager of Lockheed Martin’s Radar Systems business, headquartered in Syracuse, NY. “This radar represents a two-generation leap in AEW capability.”
