SALINA — The Lockheed Martin Corp. (NYSE: LMT) facility in suburban Syracuse has recently been awarded an $8.66 million modification to a previously awarded contract from the U.S. Navy to exercise options for Navy equipment. Work will be performed in Lockheed Martin’s plant in the town of Salina (70 percent), and Oldsmar, Florida (30 percent), […]
SALINA — The Lockheed Martin Corp. (NYSE: LMT) facility in suburban Syracuse has recently been awarded an $8.66 million modification to a previously awarded contract from the U.S. Navy to exercise options for Navy equipment.
Work will be performed in Lockheed Martin’s plant in the town of Salina (70 percent), and Oldsmar, Florida (30 percent), and is expected to be completed by December 2026, according to a Nov. 7 contract announcement from the U.S. Department of Defense.
Fiscal 2025 other procurement (Navy) funds totaling more than $6.62 million (76 percent), and fiscal 2024 other procurement (Navy) funds of $2.04 million (24 percent), will be obligated at 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 authority, per the announcement.
