Categories: Manufacturing & EngineeringSubscriber OnlyTechnology

Lockheed Martin’s Salina plant wins nearly $47 million Navy order for submarine kits

SALI NA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) suburban Syracuse plant has been awarded an almost $47 million order toward a previously awarded contract for the procurement of submarine-modernization kits, equipment, and installation. This delivery order includes options that, if exercised, would bring the total value to more than $174 million, according to a […]

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This delivery order includes options that, if exercised, would bring the total value to more than $174 million, according to a Feb. 26 Defense Department contract announcement.

Work will be performed in Lockheed’s facility in the town of Salina and is expected to be completed by July 2024. If all options are exercised, work will continue through August 2025.

Fiscal 2021 other procurement (Navy) funding in the amount of $46,988,174 will be obligated at the time of award and will not expire at the end of the current fiscal year, per the announcement. The Naval Sea Systems Command in Washington, D.C., is the contracting authority on this order.

Jornal Staff