SALINA — Lockheed Martin Corp. (NYSE: LMT) was recently awarded an almost $71 million modification to a previously awarded U.S. Navy contract. The cost-plus-incentive-fee, and cost only contract adjustment will exercise options and provide funding for engineering labor, program management and engineering other direct costs, travel, and material, in support of continued AN/SQQ-89A(V)15 Surface Ship […]
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SALINA — Lockheed Martin Corp. (NYSE: LMT) was recently awarded an almost $71 million modification to a previously awarded U.S. Navy contract.
The cost-plus-incentive-fee, and cost only contract adjustment will exercise options and provide funding for engineering labor, program management and engineering other direct costs, travel, and material, in support of continued AN/SQQ-89A(V)15 Surface Ship Undersea Warfare Combat System development, integration, manufacture, production, and testing. That’s according to a Jan. 8 contract announcement from the U.S. Department of Defense.
Work will be performed in Manassas, Virginia (70 percent); Lemont Furnace, Pennsylvania (15 percent); the Syracuse area (13 percent); Clearwater, Florida (1 percent); and Owego (1 percent), and is expected to be completed by March 2026.
This contract combines purchases for the U.S. Navy (69 percent); and the governments of Japan (16 percent) and Australia (15 percent), under the Foreign Military Sales (FMS) program, per the contract announcement.
Fiscal 2023 shipbuilding and conversion (Navy) funds totaling more than $10.3 million (49 percent); FMS (Japan) funds of more than $3.5 million (16 percent); FMS (Australia) funds totaling in excess of $3.1 million (15 percent); fiscal 2021 shipbuilding and conversion (Navy) funds of nearly $2.8 million (13 percent); fiscal 2022 shipbuilding and conversion (Navy) funds totaling over $601,000 (3 percent); fiscal 2019 shipbuilding and conversion (Navy) funds of more than $458,000 (2 percent); fiscal 2020 shipbuilding and conversion (Navy) funds totaling over $270,500 (1 percent); and fiscal 2016 shipbuilding and conversion (Navy) funds of almost $83,900 (1 percent), will be obligated at the time of award. Of that amount, almost $2.8 million will expire at the end of the current fiscal year. The Naval Sea Systems Command in Washington, D.C. is the contracting activity.