Lockheed Martin secures contract from US Navy for automated test equipment contract

Lockheed Martin (NYSE: LMT) has announced it has been awarded a seven-year contract from the US Navy worth up to more than USD 500 million to build and deliver more than 200+ electronic Consolidated Automated Support Systems (eCASS) to maximize aircraft readiness, the company said.

The previous Navy CASS contract awarded in 2000 to Lockheed Martin was worth USD 287 million.

Since 2010, Lockheed Martin has delivered more than 80 eCASS stations to the Navy, as part of its transition from the legacy CASS testing stations to the smaller, faster and more reliable eCASS.

Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. This year the company received three Edison Awards for ground-breaking innovations in autonomy, satellite technology and directed energy.