tiprankstipranks
Lockheed Martin awarded $150.56M Navy contract modification
The Fly

Lockheed Martin awarded $150.56M Navy contract modification

Lockheed Martin was awarded a not-to-exceed $150.56M undefinitized modification to a firm-fixed-price, cost-plus-fixed-fee order against a previously issued basic ordering agreement. This modification adds scope to provide non-recurring engineering and add/delete efforts in support of bringing six MH-60R aircraft from a standard Foreign Military Sales, or FMS, configuration to a unique configuration for the government of Norway. Additionally, this modification adds scope for the production and delivery of four Embedded Global Positioning System Inertial Navigation Systems spares, as well as provides for production spares, field and technical service representative support, and electronic support measures in-country reprogramming hot bench. Work is expected to be completed in February 2027. FMS customer funds in the amount of $49.47M will be obligated at the time of award, none of which will expire at the end of the current fiscal year. Naval Air Systems Command is the contracting activity.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See the top stocks recommended by analysts >>

Read More on LMT:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles