Lockheed Martin’s Salina plant wins more than $17 million Navy order for submarine equipment

SALINA , N.Y.— Lockheed Martin Corp.’s (NYSE: LMT) facility in suburban Syracuse recently won a more than $17.35 million cost-plus-incentive-fee delivery order to a previously awarded contract from the U.S. Navy.

The indefinite-delivery/indefinite-quantity contract is for the procurement of submarine -modernization kits, equipment, and installation, according to a July 28 U.S. Department of Defense contract announcement. Work will be performed in Lockheed’s plant in the town of Salina and is expected to be completed by August 2024. 

Fiscal 2022 other procurement (Navy) funds in the amount of $17,356,948 will be obligated at time of award and will not expire at the end of the current fiscal year, per the Department of Defense. The Naval Sea Systems Command in Washington, D.C. is the contracting authority.