$120M to Lockheed from BAE for Long-Range Naval Artillery Shells

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Lockheed Martin has received a five-year, $120 million cost-plus-award-fee contract from BAE Systems for further development and test of the Long-Range Land Attack Projectile (LRLAP) for the Advanced Gun System (AGS) on the U.S. Navy's next- generation destroyer, the DD (X). The new contract calls for additional development and tests in 2006-2008 and support to AGS qualification testing in 2009-2010. More than 100 projectiles will be delivered and tested under this contract. Full-rate production is expected to begin in 2011....

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