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Lockheed Martin awarded $126.99M Navy contract modification
The Fly

Lockheed Martin awarded $126.99M Navy contract modification

Lockheed Martin was awarded a $126.99M cost-plus-incentive-fee modification to previously awarded contract for ship self-defense system combat system engineering support. Work will be performed in Moorestown, New Jersey, and is expected to be completed by October 2024. Fiscal 2024 research, development, test and evaluation funds in the amount of $11,906,692 and fiscal 2024 shipbuilding and conversion funds in the amount of $372,399, were obligated at time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command is the contracting activity.

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