Lockheed Owego plant wins $28.2M contract modification from Navy

OWEGO — Lockheed Martin Corp.’s (NYSE: LMT) Owego plant was recently awarded a nearly $28.2 million modification to a previous contract from the United States Navy.

This modification exercises an option to procure mission computers (MCs) and flight-management computers’ (FMCs) retrofit kits to upgrade the MH-60R/S aircraft, according to a July 1 contract announcement from the U.S. Department of Defense.

Lockheed will provide 205 Generation 3i/5i MCs to upgrade from Generation III/V/VI — 187 are for the U.S. Navy, nine for the government of Australia, five for Saudi Arabia, and four for Denmark. The defense contractor will also produce 200 Generation 3i/5i FMCs to upgrade from Generation III/V FMCs — 182 are for the U.S. Navy, nine for the government of Australia, five for Saudi Arabia, and four for Denmark. The contract modification also procures 153 wiring kits —136 for the U.S. Navy, nine for the government of Australia, four for Denmark, and four for Saudi Arabia. 

Work will be performed in Owego (97 percent) and Clearwater, Florida (3 percent), and is expected to be completed in March 2024. Fiscal 2021 aircraft procurement (Navy) funds of $25.4 million and foreign-military sales customer funds totaling nearly $2.8 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.