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Press Release Summary:

October 10, 2016 - Company was awarded an initial $148.9M contract for full rate production of Surface Electronic Warfare Improvement Program (SEWIP) Block 2

SYRACUSE, N.Y. - Lockheed Martin (NYSE: LMT) continues to make technological advances in its electronic warfare portfolio that will keep the warfighter a step ahead. The U.S. Navy awarded the company an initial $148.9M contract for full rate production of Surface Electronic Warfare Improvement Program (SEWIP) Block 2 systems with four additional option years to upgrade the fleet's electronic warfare capabilities so warfighters can respond to evolving threats.

Under this full-rate production contract, Lockheed Martin will provide additional systems to upgrade the AN/SLQ-32 systems on U.S. aircraft carriers, cruisers, destroyers and other warships with key capabilities to determine if the electronic sensors of potential foes are tracking the ship.

"The SEWIP Block 2 System is critically important to the Navy's operation, and we are proud to continue to provide this capability to the warfighter," said Joe Ottaviano, electronic warfare program director. "Threats are becoming increasingly sophisticated. Our electronic warfare systems give the warfighter information to enable a response before the adversary even knows we're there."

The system is the first sensor to be fully compliant with the Navy's Product Line Architecture strategy, which facilitates the rapid introduction of new technology into the fleet.

Block 2 is the latest deployed improvement in an evolutionary succession of "blocks" the Navy is pursuing for its shipboard electronic warfare system, which will incrementally add new defensive technologies and functional capabilities. Block 2 provides an upgraded antenna, receiver and improved interface with existing ship combat systems.

Lockheed Martin was awarded the design and development contract for this program in September 2009.  Since then Lockheed Martin has been awarded Low Rate Initial Production (LRIP) contract for an additional 38 units and 22 of these units have been delivered to the Navy on schedule so far.

Work will be performed at the company's Syracuse, New York facility.

For additional information, visit our website: http://lockheedmartin.com/us/products/electronic-warfare/naval-ew.html

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 98,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Source
Lockheed Martin

Contact: Melissa Chadwick, +1 202-740-5997; melissa.a.chadwick@lmco.com
Web Site: http://www.lockheedmartin.com

Original Press Release

Lockheed Martin to Upgrade U.S. Navy's Shipboard Electronic Warfare Systems

Press release date: October 6, 2016

Company was awarded an initial $148.9M contract for full rate production of Surface Electronic Warfare Improvement Program (SEWIP) Block 2

SYRACUSE, N.Y. - Lockheed Martin (NYSE: LMT) continues to make technological advances in its electronic warfare portfolio that will keep the warfighter a step ahead. The U.S. Navy awarded the company an initial $148.9M contract for full rate production of Surface Electronic Warfare Improvement Program (SEWIP) Block 2 systems with four additional option years to upgrade the fleet's electronic warfare capabilities so warfighters can respond to evolving threats.

Under this full-rate production contract, Lockheed Martin will provide additional systems to upgrade the AN/SLQ-32 systems on U.S. aircraft carriers, cruisers, destroyers and other warships with key capabilities to determine if the electronic sensors of potential foes are tracking the ship.

"The SEWIP Block 2 System is critically important to the Navy's operation, and we are proud to continue to provide this capability to the warfighter," said Joe Ottaviano, electronic warfare program director. "Threats are becoming increasingly sophisticated. Our electronic warfare systems give the warfighter information to enable a response before the adversary even knows we're there."

The system is the first sensor to be fully compliant with the Navy's Product Line Architecture strategy, which facilitates the rapid introduction of new technology into the fleet.

Block 2 is the latest deployed improvement in an evolutionary succession of "blocks" the Navy is pursuing for its shipboard electronic warfare system, which will incrementally add new defensive technologies and functional capabilities. Block 2 provides an upgraded antenna, receiver and improved interface with existing ship combat systems.

Lockheed Martin was awarded the design and development contract for this program in September 2009.  Since then Lockheed Martin has been awarded Low Rate Initial Production (LRIP) contract for an additional 38 units and 22 of these units have been delivered to the Navy on schedule so far.

Work will be performed at the company's Syracuse, New York facility.

For additional information, visit our website: http://lockheedmartin.com/us/products/electronic-warfare/naval-ew.html

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 98,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Source
Lockheed Martin

Contact: Melissa Chadwick, +1 202-740-5997; melissa.a.chadwick@lmco.com
Web Site: http://www.lockheedmartin.com