Losing a big contract not necessarily a bad thing.

• Author: Erwin, Sandra I.
• Position: Washington Pulse - Brief Article

The Navy's decision to select a Boeing jet as its future maritime surveillance aircraft obviously was bad news for Lockheed Martin, which was competing for the $4 billion award. The Boeing jet eventually will replace the venerable P-3 Orion, made by Lockheed. But that is no reason to despair, noted Fred Moosally, president of Lockheed Martin Naval Electronics and Surveillance Systems. The P-3 still has many international customers, and the U.S. Navy will continue to upgrade the aircraft for...