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Lockheed Martin’s Salina plant wins more than $14M Navy contract modification

SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Rotary & Mission Systems facility in suburban Syracuse has recently been awarded a more than $14.4 million adjustment to a previously awarded contract for U.S. Navy systems and associated equipment. Work on the fixed-price, incentive-fee contract modification will be performed at Lockheed sites in the town of […]

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Work on the fixed-price, incentive-fee contract modification will be performed at Lockheed sites in the town of Salina (85 percent) and Clearwater, Florida (15 percent), and is expected to be completed by July 2025, according to a March 30 contract announcement from the U.S. Department of Defense.

Lockheed Martin Rotary & Mission Systems has 2,170 full-time employees at its plant at 497 Electronics Parkway in Salina, according to a company spokesperson.

Fiscal 2023 other procurement (Navy) funds totaling $14,433,528 will be obligated at time of the award and will not expire at the end of the current fiscal year, according to the contract announcement. The Naval Sea Systems Command in Washington, D.C. is the contracting activity.

Jornal Staff