SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) facility in the town of Salina, was recently awarded a $54.2 million delivery order under a previously awarded contract from the U.S. Navy for production of submarine electronic-warfare systems on new construction and in-service submarines. Work will be performed at the Salina plant, and is expected to […]
SALINA, N.Y. — Lockheed Martin Corp.’s (NYSE: LMT) facility in the town of Salina, was recently awarded a $54.2 million delivery order under a previously awarded contract from the U.S. Navy for production of submarine electronic-warfare systems on new construction and in-service submarines.
Work will be performed at the Salina plant, and is expected to be completed by January 2028, according to a March 19 contract announcement from the U.S. Department of Defense.
Fiscal 2025 other procurement (Navy) funds totaling $11.1 million (96 percent); fiscal 2024 shipbuilding and conversion (Navy) funds of $300,000 (3 percent); and fiscal 2025 shipbuilding and conversion (Navy) funds totaling $100,000 (1 percent), will be obligated at the time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command in Washington, D.C. is the contracting authority.
