Lockheed Martin Salina wins nearly $12M contract modification for Navy equipment

SALINA — The Lockheed Martin Corp. (NYSE: LMT) plant in suburban Syracuse was recently awarded an almost $11.7 million modification to a previously awarded contract to exercise an option for U.S. Navy equipment. Work will be performed at Lockheed’s facility in the town of Salina (70 percent), and at its plant Oldsmar, Florida (30 percent). It is expected to be completed by November 2026, according to a Sept. 10 contract announcement from the U.S. Department of Defense. Fiscal 2024 other procurement (Navy) funds totaling $11,663,202 will be obligated at the 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.