U.S. Navy awards Lockheed Martin $27 million contract addition

SALINA, N.Y. — The U.S. Navy has awarded Lockheed Martin Corp. (NYSE: LMT) a more than $27 million modification to a previously awarded contract for sonar-detection systems.

Lockheed’s Syracuse–area mission systems and training unit in the town of Salina will perform about two-thirds of the work on the contract, according to a list of contracts posted recently on the website of the U.S. Department of Defense (DOD).

Locations in Millersville, Maryland and Marion, Massachusetts will handle the remaining work.

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The Navy expects Lockheed Martin to finish the work by February 2017.

The award is a modification to previously awarded contract for the production of seven TB-37 multi-function towed array (MFTA) production units, tow cables, electro-optical slip rings, drogues and shipping products, and the performance of engineering services.

The TB-37 MFTA is the next generation passive and active sonar receiver, according to the U.S. Navy.

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The TB-37 MFTA “significantly” contributes to the capability of surface ships to “detect, localize, and prosecute undersea threats,” and is a “critical” sensor to a combat-systems suite, the Navy said on the DOD website.

 

Contact Reinhardt at ereinhardt@cnybj.com

Eric Reinhardt: