Upgraded P-3 Orion Delivered Ahead Of Schedule

Lockheed Martin [NYSE: LMT] delivered today a U.S. Customs and Border Protection (CBP) P-3 Orion aircraft 37 days ahead of schedule.

This is the 12th of 14 aircraft in the program to receive Mid-Life Upgrade (MLU) modifications and phased depot maintenance. The MLU replaces the outer wings, center wing, horizontal stabilizer and horizontal stabilizer leading edges. All necessary fatigue life-limiting structures are replaced, leading to significantly reduced maintenance and sustainment costs.  

The completion of the aircraft significantly ahead of schedule allows for a quicker return of the aircraft to the CBP P-3 fleet supporting homeland security and drug interdiction missions. The MLU will enable the P-3 Orion to support operators for 20-25 more years.

Source: Lockheed Martin Corporation (NYSE: LMT)
Date: Mar 18, 2015