Lockheed Martin’s Syracuse–area plant wins nearly $114 million modication to Navy contract

SALINA — The Lockheed Martin Corp. (NYSE: LMT) plant in Salina has been awarded a $113.6 million modification to a previously awarded U.S. Navy contract to exercise an option for full-rate production of Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 and AN/SLQ-32C(V) six systems. This pact combines purchases for the Navy (80 percent), and the government of Japan (20 percent), under the Foreign Military Sales (FMS) program, according to an Aug. 20 contract announcement from the U.S. Department of Defense. Work will be performed at Lockheed’s plant located just north of Syracuse (78 percent) and at its facility in Lansdale, Pennsylvania (22 percent). It is expected to be completed by October 2026. Fiscal 2024 shipbuilding and conversion (Navy) funds totaling $86.9 million (76 percent); fiscal 2024 FMS funds of $21.7 million (20 percent); and fiscal 2024 other procurement (Navy) funds totaling $4.99 million (4 percent), will be obligated at time of award and will not expire at the end of the current fiscal year, per the contract announcement. The Naval Sea Systems Command in Washington, D.C. is the contracting activity.