SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) facility just north of Syracuse has recently been awarded a $73.1 million contract order for the procurement of submarine-modernization kits, equipment, and installation. Work on the cost-plus-incentive-fee delivery order will be performed in the town of Salina and is expected to be completed by August 2025, according […]
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) facility just north of Syracuse has recently been awarded a $73.1 million contract order for the procurement of submarine-modernization kits, equipment, and installation.
Work on the cost-plus-incentive-fee delivery order will be performed in the town of Salina and is expected to be completed by August 2025, according to an April 10 contract announcement from the U.S. Department of Defense. Lockheed Martin Rotary & Mission Systems has 2,170 full-time employees at its plant at 497 Electronics Parkway in Salina, according to a company spokesperson.
Fiscal 2023 other procurement (Navy) funds totaling $73,117,937 will be obligated at the time of award and will not expire at the end of the current fiscal year, per the contract announcement. The Naval Sea Systems Command in Washington, D.C. is the contracting activity.
