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Lockheed Martin wins up to $208M contract modification from U.S. Navy with most work to be done in Owego

OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego plant was recently awarded a not-to-exceed $208.1 million modification to a previously awarded contract from the U.S. Navy. This modification adds scope to provide non-recurring engineering for Phase II design and development of unique hardware and software for the government of India in support of the […]

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OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego plant was recently awarded a not-to-exceed $208.1 million modification to a previously awarded contract from the U.S. Navy.

This modification adds scope to provide non-recurring engineering for Phase II design and development of unique hardware and software for the government of India in support of the MH-60R development program, according to a Sept. 3 contract announcement from the U.S. Department of Defense.

Work will be performed in Owego (81 percent) and Stratford, Connecticut (19 percent), and is expected to be completed in September 2027, the contract announcement said. Foreign-military sales customer funds totaling $47.1 million will be obligated at the time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command in Patuxent River, Maryland is the contracting authority.

Jornal Staff