Security and aerospace company Lockheed Martin Corporation (LMT) Monday said it received a $57 million U.S. Navy contract to upgrade the fleet's electronic warfare defenses against anti-ship missile threats. Under this low-rate production contract for Block 2 of the Navy's Surface Electronic Warfare Improvement Program, the firm is expected to upgrade the AN/SLQ-32(V)2 system found on all U.S. aircraft carriers, cruisers, destroyers and other warships with key capabilities to determine if the electronic sensors of potential foes are stalking the ship.
Commenting on the development, Ottaviano, SEWIP program director for Lockheed Martin Mission Systems and Training said, "The SEWIP Block 2 upgrade will ensure the AN/SLQ-32 system continues to outpace the threat and establishes a framework to easily install future upgrades..."
Block 2 is the latest in an evolutionary succession of improvement "blocks" the Navy is pursuing for its shipboard electronic warfare system, which is expected to incrementally add new defensive technologies and functional capabilities.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.