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Lockheed Martin Owego wins nearly $380M Navy order for helicopters for Spain

OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded a $379.6 million firm-fixed-price order from the U.S. Navy against a previously issued basic ordering agreement. This order provides for the production and delivery of eight MH-60R Seahawk helicopters for the government of Spain, according to an Oct. 12 contract announcement from […]

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OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded a $379.6 million firm-fixed-price order from the U.S. Navy against a previously issued basic ordering agreement.

This order provides for the production and delivery of eight MH-60R Seahawk helicopters for the government of Spain, according to an Oct. 12 contract announcement from the U.S. Department of Defense.

Work will be performed in Owego (52 percent); Stratford, Connecticut (40 percent); and Troy, Alabama (8 percent), and is expected to be completed in March 2027.

Foreign-military sales customer funds totaling $379,577,128 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 at Patuxent River, Maryland is the contracting authority.

Jornal Staff