BETHESDA, MD - Lockheed Martin (NYSE:LMT) [NYSE: LMT], a leader in aerospace and defense, has announced the awarding of manufacturing contracts for components of the AN/SPY-7(V)2 radar system to three Spanish companies. This move is part of the company's strategy to diversify and strengthen its global supply chain.
The contracts have been granted to Indra, Escribano Mechanical and Engineering, and ICM (Integral de Conexión y Montajes, S.L.), all of which will produce elements for the radar system used on the F-110 frigate. Amr Hussein, vice president of Multi-Domain Combat Solutions at Lockheed Martin, emphasized that these partnerships not only empower local industries and communities but also bolster economic growth and enhance the defense capabilities offered by Lockheed Martin.
For over 20 years, Lockheed Martin has collaborated with Spanish industry, contributing to the production of various components for the global SPY-1 radar fleet. The history of this partnership includes the production of over 90 watercoolers, auxiliary equipment, 30,000 cables, 1.8 million power supplies, and microelectronic and RF components.
Lockheed Martin's efforts to integrate Spanish companies into its supply chain reflect a broader commitment to international collaboration. The company's global supply chain investments are said to contribute millions of dollars to local economies, reinforcing industrial capabilities and community resilience.
The company, headquartered in Bethesda, Maryland, is known for its innovation in defense technology and its mission to deliver advanced solutions across all domains. This latest initiative is in line with Lockheed Martin's vision for 21st Century Security, aiming to ensure that its defense solutions remain at the forefront of technological advancement.
The information regarding this expansion of Lockheed Martin's supply chain is based on a press release statement.
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