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Lraaca Airplane

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October 15, 1988 | RALPH VARTABEDIAN, Times Staff Writer
The Navy confirmed Friday that it has selected Lockheed to develop a new maritime patrol aircraft under an initial $200,000 contract that is expected to lead to a $5-billion program running through 2001. Lockheed would build 125 of the aircraft, known as the Long Range Air Anti-Submarine Capable Aircraft, or LRAACA. News of the contract was made public Thursday by industry officials, but the Navy did not formally announce the award until Friday.
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BUSINESS
October 15, 1988 | RALPH VARTABEDIAN, Times Staff Writer
The Navy confirmed Friday that it has selected Lockheed to develop a new maritime patrol aircraft under an initial $200,000 contract that is expected to lead to a $5-billion program running through 2001. Lockheed would build 125 of the aircraft, known as the Long Range Air Anti-Submarine Capable Aircraft, or LRAACA. News of the contract was made public Thursday by industry officials, but the Navy did not formally announce the award until Friday.
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