Lockheed Martin’s suburban Syracuse plant awarded $128 million Navy contract modification

SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) plant in the town of Salina has won a $128.4 million modification to a previously awarded Navy contract.

The pact will exercise options for full-rate production of the Surface Electronic Warfare Improvement Program (SEWIP) AN/SLQ-32(V) 6.

Work will be performed in Salina (78 percent) and Lansdale, Pennsylvania (22 percent), and is expected to be completed by December 2022, according to an April 1 U.S. Department of Defense contract announcement. 

Fiscal 2021 other procurement (Navy) funding totaling more than $54.6 million (43 percent); fiscal 2020 shipbuilding and conversion (Navy) funds totaling 

$46.1 million (36 percent); and fiscal 2021 shipbuilding and conversion (Navy) funding of nearly $27.7 (21 percent), will be obligated at time of award and will not expire at the end of the current fiscal year. 

The Naval Sea Systems Command in Washington, D.C. is the contracting authority.