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Lockheed Martin secures $450.7M contract to build battleships

Matthew Richardson
American City Business Journals
Lockheed Martin secures $450.7M contract to build battleships

The world's top defense contractor landed a work agreement to build battleships, requiring several of its locations to have all hands on deck. Bethesda, Md.-based Lockheed Martin Corp. (NYSE: LMT) won a $450.7 million contract from the U.S. Navy on July 16, according to the U.S. Department of Defense. The seven-year contract involves support of the construction of four Multi Mission Surface Combatant ships.