The U.S. Air Force has awarded Lockheed Martin [NYSE:LMT] a fixed-price contract for nearly $25 million to develop a prototype for the next-generation 3-Dimensional Expeditionary Long-Range Radar (3DELRR). Lockheed Martin was one of two industry teams placed under contract for the technical development of this new land-based radar.
The Electronic Systems Center at Hanscom Air Force Base leads the acquisition for the new radar. The Air Force plans to replace its entire TPS-75 long-range radar inventory with the 3DELRR, which will detect, identify, track and report aircraft and missiles. Following a 20-month Technical Development Phase, the Air Force has said it intends to competitively award one contract for system development in the 2011 timeframe.
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