Lockheed Martin Gets $13.5M Navy Deal

A division of Lockheed Martin Corp. received a $13.5 million contract boost from the Navy for management and engineering services for the DDG-51 destroyer, the Pentagon said late Friday.

The contractor will provide services for the destroyer's combat system components used to support its warfare systems.

Work will be performed in Moorestown, N.J., Bath, Maine, Pascagoula, Miss., and other locations, and is expected to be completed by November 2010.

Shares of the Bethesda, Md.-based company added 40 cents to close at $75.28.

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