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LMT - Lockheed Martin bags $474.2M U.S. Navy contract modification
Lockheed Martin Corporation
2023-03-27 02:11:36 ET
Lockheed Martin Space ( NYSE: LMT ) is awarded a $474.22M fixed-price-incentive-fee, cost-plus-incentive-fee, and cost-plus-fixed-fee modification to exercise options under a previously- awarded contract for Trident II missile production and deployed systems support.
The contract award also benefits a foreign military sale to the United Kingdom.
Work is expected to be completed September 30, 2027.
Strategic Systems Programs, Washington, D.C., is the contracting activity.