SALINA, N.Y. —Lockheed Martin Corp.’s (NYSE: LMT) plant in Salina has been awarded a $25.1 million firm-fixed-price contract for a ground-based radar system going to Malaysia. This contract provides a standalone radar system, ancillary equipment, spares, training, and an interim contract-support option, according to a Sept. 24 contract announcement from the U.S. Department of Defense. […]
SALINA, N.Y. —Lockheed Martin Corp.’s (NYSE: LMT) plant in Salina has been awarded a $25.1 million firm-fixed-price contract for a ground-based radar system going to Malaysia.
This contract provides a standalone radar system, ancillary equipment, spares, training, and an interim contract-support option, according to a Sept. 24 contract announcement from the U.S. Department of Defense.
This pact includes options which, if exercised, would bring the cumulative value to $25.7 million. Work will be performed in Salina and is expected to be completed by Sept. 30, 2025.
This defense pact involves foreign-military sales to Malaysia. This award resulted from a competitive acquisition in which two proposals were received. Fiscal 2021 building-partner capacity funds totaling $25.1 million are being obligated at the time of award. Air Force Life Cycle Management at Hanscom Air Force Base in Massachusetts is the contracting authority.
