Lockheed Martin’s Salina plant awarded $551M Navy contract for submarine electronic-warfare systems work

SALINA — Lockheed Martin Corp. (NYSE: LMT) recently won a $551 million contract from the U.S. Navy for engineering and technical support and production of the submarine AN/BLQ-10 electronic-warfare systems on new construction and in-service submarines. This contract includes options which, if exercised, would bring the cumulative value of this pact to nearly $1.37 billion., according to a Feb. 3 contract announcement from the U.S. Department of Defense. Work will be performed in Lockheed’s suburban Syracuse plant and is expected to be completed by January 2030. Fiscal 2025 shipbuilding and conversion (Navy) funds of $2 million will be obligated to satisfy the minimum guarantee and begin engineering efforts, and the funds will not expire at the end of the current fiscal year.