Categories: Manufacturing & EngineeringSubscriber OnlyTechnology

Lockheed’s Salina plant wins $26M contract from U.S. Navy

SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) suburban Syracuse plant was recently awarded a more than $26.3 million order from the U.S. Navy for design and submarine equipment. Work will be performed in the town of Salina and is expected to be completed by August 2025. Fiscal 2024 shipbuilding and conversion (Navy) funds totaling […]

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SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) suburban Syracuse plant was recently awarded a more than $26.3 million order from the U.S. Navy for design and submarine equipment.

Work will be performed in the town of Salina and is expected to be completed by August 2025. Fiscal 2024 shipbuilding and conversion (Navy) funds totaling more than $19.25 million (73 percent) and fiscal 2024 other procurement (Navy) funds of nearly $7.1 million (27 percent) will be obligated at the time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command in Washington, D.C. is the contracting activity.

Jornal Staff