Lockheed Martin Wins $93 Million Navy Contract

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August 18, 2009 (FinancialWire) -- The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a contract valued at almost $93 million for engineering services and support of an integrated submarine imaging system and for production of related hardware.

The system, called ISIS, integrates digital video and still images from devices on a submarine's exterior and presents real-time imagery and analysis on crews' existing control room tactical displays.

Company executive Denise Saiki said, "With ISIS, a submarine operator can manipulate a photonics mast with a joystick, while looking at digital video on a computer monitor, and share that video real-time with the entire combat team on various displays aboard the vessel."

Bethesda, Maryland-based Lockheed Martin began design work and testing of a portion of the inboard hardware and software for ISIS in 2004 that was first installed in a U.S. Navy submarine in 2006. In total, Lockheed Martin has delivered components for 20 ISIS systems for Los Angeles-class attack submarines and four configurations for Ohio-class guided missile submarines.

ISIS is also scheduled to become the image processing system for the Virginia-class submarine.

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