LMT - Lockheed Martin secures $32M Navy contract

2023-03-06 03:20:28 ET

• Lockheed Martin ( NYSE: LMT ), Syracuse, New York, is awarded a $32M cost-plus incentive-fee modification to the previously awarded delivery order N00024-19-F-6201 under indefinite-delivery indefinite-quantity contract N00024-19-D-6200 for design and qualification testing of submarine electronic warfare equipment.
• Work will be performed in Syracuse, New York, and is expected to be completed by February 2024.
• Fiscal 2023 research, development, test, and evaluation (Navy) funds in the amount of $18,993,805 will be obligated at time of award and will not expire at the end of the current fiscal year.
• The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
• Earlier, Lockheed Martin bags $214.5M Navy contract .

For further details see: