LMT - Lockheed Martin awarded $99M Navy contract

2023-07-12 00:57:58 ET

• Lockheed Martin ( NYSE: LMT ) has secured a not-to-exceed $99 million contract to provide required lethality and survivability modernization to littoral combat ship integrated tactical trainers.
• The contract to ensure that the fleet is training on devices that are aligned with the LCS ship functionality for both the freedom and independence variants for the Navy.
• Additionally, this contract provides for trainer hardware and software technical refreshes, contractor performed technical support, cybersecurity, and software design and development to the fielded LCS ITT systems, as well as trainer installation.
• Work is expected to be completed in January 2029.
• The Naval Air Warfare Center Training Systems Division, Florida, is the contracting activity .

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