Lockheed’s Owego plant to perform half the work on nearly $22M Navy contract

OWEGO, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) Owego operation recently won a $21.7 million firm-fixed-price, indefinite-delivery/indefinite-quantity contract from the U.S. Navy.

This contract provides tear down and evaluation of the P3-C aircraft mission systems hardware, as well as obsolescence studies and technical support to maintain the P3-C mission systems for the government of Taiwan, according to a Dec. 20 contract announcement from the U.S. Department of Defense.

Work will be performed in Owego (50 percent) and Clearwater, Florida (50 percent), and is expected to be completed in December 2026. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued, per the contract announcement.

The Naval Air Warfare Center Aircraft Division in Lakehurst, New Jersey is the contracting authority.