SALINA, N.Y. — Lockheed Martin Corp. Rotary and Mission Systems in Salina has been awarded an $8.3 million fixed-priced-incentive fee contract for Navy systems and associated equipment. The pact includes options which, if exercised, would bring the cumulative value of the contract to $117 million, according to a Sept. 16 Department of Defense contract announcement. Work […]
SALINA, N.Y. — Lockheed Martin Corp. Rotary and Mission Systems in Salina has been awarded an $8.3 million fixed-priced-incentive fee contract for Navy systems and associated equipment.
The pact includes options which, if exercised, would bring the cumulative value of the contract to $117 million, according to a Sept. 16 Department of Defense contract announcement.
Work will be performed in Salina (70 percent) and Oldsmar, Florida (30 percent), and is expected to be completed by April 2023. If all options are exercised, work will continue through June 2026.
Fiscal 2021 other procurement (Navy) funds totaling $6.3 million (or 76 percent of the contract) and fiscal 2019 other procurement (Navy) funds of $2 million (24 percent) will be obligated at time of award. The $2 million funding portion will expire at the end of the current fiscal year, according to the contract announcement.
This contract was competitively procured via the Federal Business Opportunities website with one offer received. The Naval Sea Systems Command in Washington, D.C. is the contracting authority.