LM to Continue Production of Symphony IED Jammer Systems

(Syracuse, NY., March 16, 2010) -- The U.S. Navy awarded Lockheed Martin [NYSE: LMT] a sole source indefinite-delivery-indefinite-quantity contract for Symphony Radio Controlled Improvised Explosive Device (RC-IED) Defeat jammer systems. With an initial task order valued at $40.8 million, the contract runs through September 2014 and has a ceiling value of $940 million.

The Symphony systems are U.S. Government-approved for sale through the Foreign Military Sales program to allied, coalition and partner nations for operations in Iraq, Afghanistan and other nations.

"Symphony is mounted on convoy vehicles and has been proven in combat against Radio-Controlled IEDs," said Carl Bannar, vice president and general manager of Lockheed Martin's Radar Systems business. "The system was engineered and built to provide continuous electronic force protection against RC-IEDs in the most rugged, tactical and extreme environments."

Symphony is programmable and designed for easy installation, operation and maintenance on a diverse set of platforms used by security forces worldwide. It is compatible and interoperable with other communications systems and jamming devices.

Lockheed Martin performs Symphony system production, vehicle system integration, depot and logistic support and engineering work at facilities in Florida and Virginia, as well as in theater. Lockheed Martin has produced Symphony since 2006, has delivered more than 1,000 systems and, prior to the latest contract, had received orders totaling $126 million.

Source : Lockheed Martin Corporation (NYSE: LMT)