Categories: Manufacturing & EngineeringSubscriber Only

Lockheed Martin’s Syracuse–area plant wins nearly $36M Navy contract modification

SALINA — Lockheed Martin Corp.’s (NYSE: LMT) plant just north of Syracuse has recently won a $35.6 million modification to a previously awarded contract to exercise options for U.S. Navy equipment and engineering services. Work on the fixed-price incentive (firm target) contract adjustment will be performed in the town of Salina (67 percent) and Millersville, […]

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Work on the fixed-price incentive (firm target) contract adjustment will be performed in the town of Salina (67 percent) and Millersville, Maryland (33 percent), according to a May 2 contract announcement from the U.S. Department of Defense. The work is expected to be completed by November 2025.

Fiscal 2023 other procurement (Navy) funds totaling just under $25 million (70 percent), fiscal 2022 shipbuilding and conversion (Navy) funds of $7.1 million (20 percent), and fiscal 2021 shipbuilding and conversion (Navy) funds totaling $3.55 million (10 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 activity.

Journal Staff