SALINA, N.Y.— Lockheed Martin Rotary and Mission Systems’ plant in the town of Salina has been awarded a more than $57.25 million contract for engineering and technical support and production of submarine multifunction modular masts on new construction and in-service submarines. This pact includes options which, if exercised, would bring the cumulative value of this […]
SALINA, N.Y.— Lockheed Martin Rotary and Mission Systems’ plant in the town of Salina has been awarded a more than $57.25 million contract for engineering and technical support and production of submarine multifunction modular masts on new construction and in-service submarines.
This pact includes options which, if exercised, would bring the cumulative value of this contract to nearly
$203 million, according to a July 31 contract announcement from the U.S. Department of Defense. Work will be performed at Lockheed’s facility off Electronics Parkway in Salina, north of Syracuse. Contract work is expected to be completed by July 2030.
Fiscal 2024 shipbuilding and conversion (Navy) funds totaling nearly $38.7 million (71 percent); fiscal 2025 shipbuilding and conversion (Navy) funds of almost
$15.5 million (28 percent); and fiscal 2025 other procurement (Navy) funds of $100,000 (1 percent), will be obligated and will not expire at the end of the current fiscal year, per the contract announcement. The Naval Sea Systems Command in Washington, D.C. is the contracting authority.
Lockheed Martin Rotary and Mission Systems is part of Lockheed Martin Corp. (NYSE: LMT) a Bethesda, Maryland–based global defense-technology company. Lockheed Martin has two Central New York plants — the one in Salina plus another in Owego.
