Categories: Manufacturing & EngineeringSubscriber OnlyTechnology

Lockheed Martin’s Salina plant wins nearly $14 million Navy contract modification

SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse has won a $13.96 million modification to a previously awarded contract from the U.S. Navy. The cost-plus-fixed-fee modification is to exercise an option for AN/SLQ-32(V)6 design agent support, according to a Nov. 21 contract announcement from the U.S. Department of Defense. Work will […]

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SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse has won a $13.96 million modification to a previously awarded contract from the U.S. Navy.

The cost-plus-fixed-fee modification is to exercise an option for AN/SLQ-32(V)6 design agent support, according to a Nov. 21 contract announcement from the U.S. Department of Defense. Work will be performed at the defense contractor’s Salina facility and is expected to be completed by September 2023.

Fiscal 2023 research, development, test, and evaluation (Navy) funds totaling $787,308 (47 percent); fiscal 2023 other procurement (Navy) funds of $699,924 (41 percent); and fiscal 2023 operations and maintenance (Navy) funds totaling $207,240 (12 percent) were obligated at time of award. Also, funds of $207,240 will expire at the end of the current fiscal year, per the contract announcement. The Naval Sea Systems Command in Washington, D.C., was the contracting authority for this pact.

Jornal Staff