Lockheed wins $302M Navy contract

SALINA, N.Y. — Lockheed Martin Corp., Rotary and Mission Systems was recently awarded a $302.2 million U.S. Navy contract.

The cost-plus-incentive-fee, firm-fixed-price, cost-plus-fixed-fee, and cost-only “undefinitized” pact is for the proof of manufacture, production, spares, production-support material, and engineering support for components related to the MK 48 heavyweight torpedo all up round. That’s according to a Dec. 16 contract announcement from the U.S. Department of Defense.

This contract combines purchases for the U.S. Navy (61 percent) and the Royal Australian Navy (39 percent). Work will be performed at Lockheed Martin’s Salina plant (72 percent) and company facilities in Clearwater, Florida (22 percent), and Braintree, Massachusetts (6 percent). The work is expected to be completed by October 2026. 

Royal Australian Navy funds totaling more than $50.6 million (39 percent); fiscal 2021 weapons procurement (Navy) funds of $32.9 million (25 percent); fiscal 2022 weapons procurement (Navy) funds totaling nearly $26.6 million (20 percent); and fiscal 2023 weapons procurement (Navy) funds of $21.3 million (16 percent) will be obligated at time of award. Of that total, $32.9 million will expire at the end of the current fiscal year. This contract was competitively procured via the System for Award Management, with one offer received, the contract announcement stated. The commander of the Naval Sea Systems Command in Washington, D.C. was the contracting authority.