MARIETTA, Ga., Sept. 4 /PRNewswire-FirstCall/ -- Lockheed Martin (NYSE:
LMT) has received a $129.3 million contract to build a total of 13 new
outer wing sets for the U.S. Navy's P-3 Orion fleet. The all new production
outer wings will be delivered to the Navy beginning in early 2010 for
installation on selected aircraft.
"Lockheed Martin has a long, proud history of providing P-3 sustainment
and support to the U.S. Navy," said Ray Burick, Lockheed Martin vice
president of P-3/S-3 programs. "This new wing order is the next step in
that partnership."
Lockheed Martin's P-3 wing production line opened in March 2008 and is
the cornerstone of the company's P-3 Aircraft Service Life Extension
Program (ASLEP). Lockheed Martin currently has the Royal Norwegian Air
Force and the U.S. Customs and Border Protection Service under contract for
P-3 Life Extension Kits, and has submitted a response to the Canadian
Forces under a Request For Proposal. A proposal for the Taiwan P-3 fleet is
also in work.
"As the P-3 Orion original equipment manufacturer, Lockheed Martin is
uniquely qualified to sustain and support the world's P-3 fleets," said
Burick. "Aside from the operators of these aircraft, nobody knows the P-3
better than Lockheed Martin."
The complete ASLEP solution replaces the aircraft outer wings, center
wing lower section and horizontal stabilizers with new production
components. All fatigue-life limiting structures on the aircraft are
replaced with enhanced-design components and improved corrosion-resistant
materials that will greatly reduce maintenance costs over the aircraft's
service life.
"Lockheed Martin is committed to providing a range of solutions that
enables operational effectiveness for P-3 Orion operators worldwide for
decades to come," said Burick. "We're fully prepared to support the U.S.
Navy and all our customers in their future maritime surveillance
activities."
Headquartered in Bethesda, Md., Lockheed Martin is a global security
company that employs about 140,000 people worldwide and is principally
engaged in the research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services. The
corporation reported 2007 sales of $41.9 billion.
For additional information, visit our websites:
http://www.lockheedmartin.com/aeronautics
SOURCE Lockheed Martin Aeronautics Company
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CONTACT:
Rob Gross, +1-864-299-7435,
rob.gross@lmco.com, or Sam Grizzle, +1-703-413-5775,
sam.c.grizzle@lmco.com, both of Lockheed Martin Aeronautics
Company
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