Article: Lockheed Martin, Air Force Ink $47 Million Radar Upgrade Contract.(Brief Article)

By Hunter Keeter

Lockheed Martin [LMT] and the Air Force on July 9 closed a $47 million deal for the next comprehensive upgrade to the company's family of FPS-117 fixed-site early warning radar systems, according to a company official.

Under the latest upgrade plan, Lockheed Martin will install radar interrogator sub systems at the Air Force's FPS-117 sites. The new beacon subsystem communicates with the transponders on military and civil aircraft to provide detailed information, used for air traffic management, according to the statement.

While Lockheed Martin originally designed and produced the FPS-117, the company is acting more as a lead ...

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