SALINA — Lockheed Martin Corp. (NYSE: LMT) recently was awarded a $23.5 million modification to a previously awarded delivery order under a contract from the U.S. Navy to exercise options for engineering support of submarine electronic-warfare systems on new construction and in-service submarines. Work will be performed in the Lockheed Martin facility in the town […]
SALINA — Lockheed Martin Corp. (NYSE: LMT) recently was awarded a $23.5 million modification to a previously awarded delivery order under a contract from the U.S. Navy to exercise options for engineering support of submarine electronic-warfare systems on new construction and in-service submarines.
Work will be performed in the Lockheed Martin facility in the town of Salina, and is expected to be completed by February 2026, according to an early February contract announcement from the U.S. Department of Defense.
Fiscal 2025 research, development, test, and evaluation (Navy) funds totaling $8.57 million (85 percent); fiscal 2022 shipbuilding and conversion (Navy) funds of $1 million (10 percent); and fiscal 2025 operation and maintenance (Navy) funds totaling $500,000 (5 percent), will be obligated at the time of award. Of that amount, $500,000 will expire at the end of the current fiscal year. The Naval Sea Systems Command in Washington, D.C. is the contracting authority.
