Lockheed Martin’s Syracuse–area plant wins more than $47 million order from U.S. Navy

SALINA — Lockheed Martin Corp.’s (NYSE: LMT) Salina plant has been awarded a nearly $47.7 million delivery order from the U.S. Navy for procurement of submarine modernization kits, equipment, and installation. 

The order, made to Lockheed’s Rotary and Mission Systems unit, will be part of a previously awarded indefinite-delivery/indefinite-quantity contract. Work will be performed in Salina and is expected to be completed by February 2023, according to a U.S. Defense Department contract announcement issued on May 8. 

Fiscal 2020 and 2019 shipbuilding and conversion (Navy) funds in the amount of almost $39.6 million and 2020 other procurement (Navy) funds totaling nearly $8.1 million will be obligated at time of award and not expire at the end of the current fiscal year. The Naval Sea Systems Command in Washington, D.C. is the contracting authority.