Categories: Manufacturing & EngineeringSubscriber OnlyTechnology

Lockheed Martin’s Salina plant awarded $8.4 million Navy contract modification

SALINA — Lockheed Martin Corp.’s (NYSE: LMT) facility in suburban Syracuse has won a more than $8.4 million adjustment to a previously awarded contract from the U.S. Navy to exercise options for Navy equipment and engineering services. Work on the fixed-price-incentive-fee modification will be performed in the town of Salina (66 percent); Millersville, Maryland (33 […]

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Work on the fixed-price-incentive-fee modification will be performed in the town of Salina (66 percent); Millersville, Maryland (33 percent); and Marion, Massachusetts (1 percent). It is expected to be completed by January 2025, according to a March 7 contract announcement from the U.S. Department of Defense.

Fiscal 2022 other procurement (Navy) funds of $5.6 million (66 percent); fiscal 2021 shipbuilding and conversion (Navy) funds totaling $1.4 million (17 percent); and fiscal 2020 shipbuilding and conversion (Navy) funds of $1.4 million (17 percent) will be obligated at the time of award. The funds will not expire at the end of the current fiscal year, the announcement stated. The Naval Sea Systems Command at Washington Navy Yard in Washington, D.C. is the contracting activity.

Journal Staff