SALINA , N.Y.— Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse was recently awarded an almost $10.6 million cost-plus-incentive-fee modification to a previously awarded delivery order from the U.S. Navy. It’s a modification to an indefinite-delivery/indefinite-quantity contract for design, prototyping, and qualification testing of submarine electronic-warfare equipment, according to a May 3 contract announcement […]
SALINA , N.Y.— Lockheed Martin Corp.’s (NYSE: LMT) plant in suburban Syracuse was recently awarded an almost $10.6 million cost-plus-incentive-fee modification to a previously awarded delivery order from the U.S. Navy.
It’s a modification to an indefinite-delivery/indefinite-quantity contract for design, prototyping, and qualification testing of submarine electronic-warfare equipment, according to a May 3 contract announcement from the U.S. Department of Defense.
Work will be performed in Lockheed’s facility in the town of Salina and is expected to be completed by February 2023.
Fiscal 2022 research, development, test, and evaluation (Navy) funds totaling $10,574,736, 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.
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