LMT - Lockheed Martin secures $106.4M contract for US Navy

Lockheed Martin (LMT) was awarded a $106.4M cost-plus-incentive-fee and cost only modification to previously awarded contract N00024-20-C-5601 to exercise options for sustainment of the Littoral Combat Ship (or LCS) Component Based Total Ship System – 21st Century (COMBATSS-21) and associated Combat System elements. Work is expected to be completed by April 2023. The Naval Sea Systems Command is the contracting activity.  From same day: Lockheed Martin, machinists union ratify labor deal at Fort Worth F-35 plant and Lockheed's F-35 at risk of costly fixes - Bloomberg

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Lockheed Martin secures $106.4M contract for US Navy