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Lockheed Martin Owego wins $34M contract modification from Navy

PHOTO CREDIT: LOCKHEED MARTIN

OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego plant was recently awarded a modification to a previous contract from the United States Navy that is worth up to $34.4 million. This modification adds scope to provide integration and installation of a Hellenic Navy System configuration on three USN8 time configuration remote sensors for aircraft, according […]

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OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego plant was recently awarded a modification to a previous contract from the United States Navy that is worth up to $34.4 million.

This modification adds scope to provide integration and installation of a Hellenic Navy System configuration on three USN8 time configuration remote sensors for aircraft, according to an Aug. 2 U.S. Department of Defense contract announcement. This contract adjustment also provides for efforts on three replace-in-kind aircraft to bring the aircraft into a USN8 configuration. Additionally it procures four airborne low frequency sonars in support of the MH-60R program for the Navy and foreign military sales (FMS) customers, the announcement stated.

Work will be performed in Brest, France (46 percent); Lockheed’s Owego facility (40 percent); Portsmouth, Rhode Island (9 percent); and Stratford, Connecticut (5 percent). It is expected to be completed in April 2025.

Fiscal 2021 aircraft procurement (Navy) funds of $1.3 million and FMS funds totaling nearly $11.9 million will be obligated at the time of award, none of which will expire at the end of the current fiscal year, according to the Department of Defense. The Naval Air Systems Command in Patuxent River, Maryland is the contracting authority.

Jornal Staff