Lockheed Martin’s unit secures $113.64M Navy contract modification
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- Lockheed Martin, Rotary and Missions Systems, a unit of Lockheed Martin (NYSE:LMT) has secured a $113.64 million firm-fixed-price modification to a previously awarded contract for option exercise of full rate production Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 and AN/SLQ-32C(V) six systems.
- The modification contract combines purchases for the Navy (80%), and the government of Japan (20%), under the Foreign Military Sales (FMS) program.
- The project work is expected to be completed by October 2026.
- Naval Sea Systems Command, Washington, D.C., is the contracting activity.