Lockheed Martin Corporation ’s ( LMT ) primary responsibilities include the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The company’s core businesses are systems integration, space, aeronautics, and technology services.
The company recently announced that Lockheed Martin Overseas Corporation and the Romania Ministry of Defense (MoD) have signed a contract for the co-production of 17 TPS-79® Multi-Mission Surveillance Radar systems for Romania's Phase II "Gap Filler" program.
"These radar systems will provide critical air surveillance coverage for Romania and contribute to the security of NATO allies in the region," said Carl Bannar, vice president of Lockheed Martin's Radar Systems line of business in Syracuse, NY. "This collaboration between our nation's largest defense contractor and a key European ally appropriately showcases the value of global partnerships."
Lockheed Martin noted that the medium-range TPS-79® radar can easily be transported by air, sea, truck or rail and can be deployed in less than 60 minutes.
Analyst estimates have been on the rise for LMT. Current full-year 2008 projections $7.35 per share increased from the two-months ago level of $7.29.
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