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Lockheed Martin (LMT +0.9%) competes with Northrop Grumman (NOC +0.4%) for a $1.7B contract from...

Lockheed Martin (LMT +0.9%) competes with Northrop Grumman (NOC +0.4%) for a $1.7B contract from the U.S. Navy to develop a communications network (Canes) to link 190 ships, subs and operation centers over the next ten years. With the Navy's systems and equipment showing its age, the program is expected to survive defense budget cuts.
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