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LOCKHEED MARTIN WINS $50 MILLION CONTRACT TO UPGRADE NORWEGIAN P-3 AIRCRAFT.

EAGAN, Minn.--(BUSINESS WIRE)--November 7, 1996--Lockheed Martin Tactical Defense Systems, a business unit of Lockheed Martin Corporation (NYSE: LMT), has been awarded a $50 million contract to provide systems integration, fabrication, installation and delivery of upgrade kits that incorporate advanced radar, computers, displays and communications systems into NorwayUs fleet of P-3C aircraft used for surveillance and patrol. The award, procured through a Foreign Military Sales agreement administered by the U.S. Naval Air Systems Command, expands Lockheed MartinUs prime contractor/weapons systems integration role to include foreign P-3 aircraft.

Tactical Defense Systems was awarded the prime systems integration contract for the U.S. NavyUs P-3C Antisurface Warfare Improvement Program (AIP) in 1994. The business unit has total system performance responsibility, including the design, development, installation and test; acquisition of subsystems and management of suppliers; integrated logistics support; training and system supportability. Lockheed Martin Aeronautical Systems in Marietta, Ga., manufactures the P-3.

The modification of the four Norwegian aircraft will begin in 1997, with final aircraft delivery in 1999.

Tactical Defense Systems leads a team comprising Lockheed Martin Aircraft Center and several other key subcontractors. Norwegian companies participating in the industrial cooperation program include Rescission, Kongsberg Gruppen ASA, Siemens, Teleplan, and Nera.

Lockheed Martin Tactical Defense Systems in Eagan provides C3I and systems integration solutions through the design and integration of information management and communications systems used by U.S. and foreign defense agencies.

Lockheed Martin Corporation, headquartered in Bethesda, Md., is a highly diversified, advanced technology company with current annual sales of nearly $30 billion. It has more than 190,000 employees worldwide.

CONTACT: Tom Lindquist, 612/456-2210

http://www.lockheed.com
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Publication:Business Wire
Date:Nov 7, 1996
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