Contract Awards
Three companies have secured contract modifications worth up to $5.1 billion combined over a five-year period for sonobuoy production and delivery services to the U.S. Navy. Lockheed Martin (NYSE: LMT), Sparton and Sonobuoy Systems, formerly Ultra USSI, can pursue individual orders through exercised options under an indefinite-delivery/indefinite-quantity contract the branch previously awarded, the Department of