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Manufacturing & Engineering

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Lockheed Martin wins $16 million contract for work on systems for anti-submarine rocket-assisted torpedoes

Lockheed Martin Corp. (NYSE: LMT) was recently awarded a $16.3 million firm-fixed-price contract for the refurbishment of rocket motors and thrust vector control used on vertical-launch assemblies for anti-submarine rocket-assisted torpedoes.  If the option is exercised, the work will be completed by July 2023, bringing the total value of the pact to more than  $30.6

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