Lockheed Martin and ERAPSCO awarded $222.5M U.S. Navy contract modification

ERAPSCO and Lockheed Martin are awarded firm-fixed-price modifications to a previously awarded indefinite-delivery/indefinite-quantity contract. These modifications exercise options for the production and delivery of up to 36,000 AN/SSQ-125A series production sonobuoys for the Navy. The estimated aggregate ceiling for all modifications is not-to-exceed $222,459,840, with the companies having an opportunity to compete for individual orders.