Lockheed Awarded $245M Navy Contract Extension for MK-48 Torpedo System

Lockheed Martin has secured a $245 million contract extension from the U.S. Naval Sea Systems Command to continue the delivery of essential systems for the Mark-48 Guidance and Control, or G&C, Mod 7 program.  The defense company said Tuesday the contract covers the production of MK-48 torpedo guidance and control sections for the U.S. Navy, the

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