OWEGO , N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego unit was recently awarded a nearly $118 million modification to a previous contract from the United States Navy. This order provides non-recurring engineering and field-services representative efforts to bring 12 MH-60R aircraft from standard foreign military sales (FMS) configuration to a Republic of Korea Navy […]
OWEGO , N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego unit was recently awarded a nearly $118 million modification to a previous contract from the United States Navy.
This order provides non-recurring engineering and field-services representative efforts to bring 12 MH-60R aircraft from standard foreign military sales (FMS) configuration to a Republic of Korea Navy configuration, according to an Aug. 2 U.S. Department of Defense contract announcement.
Work will be performed in Stratford, Connecticut (38 percent); Brest, France (37 percent); the company’s Owego plant (18 percent); and Portsmouth, Rhode Island (7 percent), and is expected to be completed in November 2026. FMS funds totaling $117,686,514 will be obligated at time of award, none of which will expire at the end of the current fiscal year, per the contract announcement. The Naval Air Systems Command in Patuxent River, Maryland is the contracting authority.
