Lockheed Martin Owego wins nearly $133M Navy contract modification

OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded an up to $132.8 million modification to an order against a previously issued basic ordering agreement from the U.S. Navy. 

This contract modification adds scope to provide non-recurring engineering and add/delete efforts in support of bringing eight MH-60R Seahawk helicopters from a standard foreign military sales (FMS) configuration to a unique configuration for the government of Spain, according to a Dec. 14 contract announcement from the U.S. Department of Defense.

This adjustment also procures eight embedded global-positioning system inertial navigation-systems spares, four airborne low-frequency sonars, production spares, and associated field-service representative support. 

Work will be performed in Owego (39 percent); Stratford, Connecticut (30 percent); Brest, France (21 percent); Portsmouth, Rhode Island (8 percent); and Troy, Alabama (2 percent), and is expected to be completed in June 2029, per the contract announcement.

FMS customer funds of nearly $46.5 million will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command in Patuxent River, Maryland is the contracting authority.               ν