SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse recently won a nearly $26.4 million modification to a previously awarded contract from the U.S. Navy. This Lockheed Martin Rotary and Missions Systems firm-fixed-price contract adjustment is to procure provisioned-item order spare parts and exercise options to procure C(V)6 systems in support of […]
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse recently won a nearly $26.4 million modification to a previously awarded contract from the U.S. Navy.
This Lockheed Martin Rotary and Missions Systems firm-fixed-price contract adjustment is to procure provisioned-item order spare parts and exercise options to procure C(V)6 systems in support of Surface Electronic Warfare Improvement Program Block 2 full-rate production, according to a Sept. 27 contract announcement from the U.S. Department of Defense.
Work will be performed in Salina (78 percent), as well as Lansdale, Pennsylvania (22 percent). It is expected to be completed by May 2024.
Fiscal 2022 other procurement (Navy) funds in the amount of $26,399,469 (100 percent) 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 authority.