Lockheed will not protest Marine Corps vehicle contracts

Lockheed Martin Corp on Friday said it had decided not to file a formal protest against contracts awarded by the U.S. Marine Corps to Science Applications International Corp and BAE Systems Plc to build prototypes of a new wheeled amphibious combat vehicle.

General Dynamics Corp on Monday filed a protest with the Government Accountability Office against the decision, which was first announced on Nov. 24.

In a statement, Lockheed said it was disappointed about the contract loss, and believed its vehicle “met or exceeded all of the requirements” outlined in the Marine Corps’ request for proposals, while offering long-term affordability and significant growth potential.

Continue reading: http://www.reuters.com/article/us-usa-military-vehicles-lockheed-idUSKBN0TU2QO20151212#8h1QGXXOjPKQB4qF.97