LMT - Lockheed Martin secures $100.04M Navy contract modification

2023-07-14 03:16:42 ET

• Lockheed Martin ( NYSE: LMT ) has won a $100.04 million modification to previously awarded contract N00024-18-C-5218 to exercise the option and provide funding for Hypervisor Technology Zero AN/SQQ-89A (V) 15 Surface Ship Undersea Warfare Combat Systems and spares in support of the ongoing AN/SQQ-89A (V) 15 development, integration, manufacture, production, and testing.

• The work is expected to be completed by November 2025.

• The Naval Sea Systems Command, Washington is the contracting activity .

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