Categories: Manufacturing & EngineeringRegional NewsSubscriber Only

Lockheed Owego wins nearly $118M contract modification from Navy

PHOTO CREDIT: LOCKHEED MARTIN

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 […]

Already an Subcriber? Log in

Get Instant Access to This Article

Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.

Learn More and Become a Subscriber

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.

Jornal Staff