Lockheed Martin plant awarded nearly $68M contract modification

SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse has recently won a $67.9 million modification to a previously awarded U.S. Navy contract.

The pact is for provisioned-item spare parts in support of the full-rate production of Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 and AN/SLQ-32C(V)6 systems, according to a May 26 contract announcement from the U.S. Department of Defense.

Work on the firm-fixed-price contract adjustment will be performed in the town of Salina (78 percent) and Lansdale, Pennsylvania (22 percent), and is expected to be completed by December 2027, per the announcement.

The Naval Sea Systems Command in Washington, D.C. is the contracting authority.