Lockheed Martin UK Forms Alliance to Pursue Warship Navigation Systems Market
HAVANT, UNITED KINGDOM, June 24th, 2003 -- Lockheed Martin has teamed with two of the world's leading maritime navigational equipment suppliers to pursue the expanding UK and international military market for electronic chart and navigation systems. Lockheed Martin UK has teamed with Kelvin Hughes Ltd and Offshore Systems Ltd to bid into the initial competitive stage of the MOD's requirement for Warship Electronic Chart Display and Information Systems (WECDIS), which is being considered for installation into all Royal Navy ships. The team includes Babcock Design and Technology Ltd who would manage the task of ship-fitting design and the installation of the systems into the Fleet. If successful, the team would integrate their latest off-the-shelf products - developed and in-service with many navies worldwide - to provide the RN with an immediately available solution to meet the military WECDIS requirement.
Electronic charts are replacing traditional paper charts in many of the world's navies for their ease of use. It is anticipated that WECDIS will also replace existing electro-mechanical chart tables in a significant number of Royal Navy and Royal Fleet Auxiliary ships and submarines.
Ron Christenson, Group Managing Director of Lockheed Martin UK Ltd Systems Integration said: "We have formed a powerful alliance combining the programme management and systems integration skills of Lockheed Martin with the world's top navigational hardware and software suppliers. Our proposal for the UK's WECDIS requirement will provide enhanced situational awareness and improved safety benefits in a package that is both cost-effective and user-friendly. This team gives us a strong position to exploit the expanding market sector for military navigation equipment on a global scale."
The world market for military maritime navigational equipment is estimated to be in excess of $500 million over a 10-year period.
Lockheed Martin UK, a unit of Lockheed Martin Corporation, is a leader in systems integration working on major programmes spanning the aerospace, defence, civil and commercial sectors with significant capabilities in the transport infrastructure market. In the UK, Lockheed Martin has annual sales in the range of £400-600 million working with more than 75 business partners. Lockheed Martin employs approximately 1,000 people at over 10 UK facilities including London, Havant, Southampton, Yeovil, Swindon, Hertford, Bristol and Cornwall.
Jeremy Greaves, on: +44(0)2392 44 3977 (mob) +44(0)7887 506338
email: jeremy.greaves@lmco.com
Chris Trippick +44(0)207 798 2856 (mob) +44 (0)7905 356 646
email: chris.trippick@lmco.com
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