LMT - Lockheed Martin secures $179.01M Navy contract modification

2023-03-30 02:08:10 ET

• Lockheed Martin ( NYSE: LMT ) on Wednesday has been awarded a $179.01M cost-plus-fixed-fee modification to a previously awarded indefinite-delivery/indefinite-quantity contract.
• The modification increases the ceiling to provide for the ongoing development, installation, integration, testing, training, and delivery of the F-35 Autonomic Logistics Information System, or ALIS, and Operational Data Integrated Network, or ODIN, to include new capability development and current software modifications.
• Additionally, this modification continues support for the ALIS-to-ODIN re-architecture endeavor to modernize ALIS in accordance with information technology and software development best practices for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of Defense participants.
• Work will be performed in Fort Worth, Texas, and is expected to be completed in December 2024.
• No funds are being obligated at time of award; funds will be obligated on individual orders as they are issued.
• The Naval Air Systems Command is the contracting activity.
• Earlier, Lockheed Martin bags $120.27M Navy contract modification .

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