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Lockheed wins $43 million Navy/Australia order

More than half the work will be completed in Owego OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) has been awarded a more than $43.4 million contract modification from the U.S. Navy for aircraft to go to the Australian military. More than half of the work is set to be done at the defense contractor’s […]

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More than half the work will be completed in Owego

OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) has been awarded a more than $43.4 million contract modification from the U.S. Navy for aircraft to go to the Australian military. More than half of the work is set to be done at the defense contractor’s Owego plant.

The firm-fixed-price modification to an order against a previously issued basic ordering agreement exercises options for the production and delivery of one MH-60R aircraft. It will also procure one Australia-unique modification kit in support of modifying the MH-60R aircraft from a standard foreign military sales configuration to a unique setup for the Commonwealth of Australia. That’s according to a Dec. 23 contract announcement from the U.S. Department of Defense.

Work will be performed in Owego (52 percent); Stratford, Connecticut (40 percent); and Troy, Alabama (8 percent), and is expected to be completed by May 2026.

Foreign military sales customer funds of more than $43.4 million will be obligated at the 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 was the contracting authority.

Jornal Staff