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LMT - Lockheed Martin receives $222.46M contract from U.S. Navy
Lockheed Martin Corporation
Lockheed Martin ( NYSE: LMT ) and ERAPSCO have been awarded a ceiling modification contract which is is not-to-exceed $222.46M, with the companies having an opportunity to compete for individual orders.
The contract is for the production and delivery of up to 36,000 AN/SSQ-125A series production sonobuoys for the Navy.
Work is expected to be completed in September 2025.