Lockheed Martin awarded $288M Navy contract modification

Lockheed Martin was awarded a not-to-exceed $288M modification to a cost-plus-fixed-fee order against a previously issued basic ordering agreement. This modification adds scope to provide non-recurring engineering and material to support post-critical design review activities and test asset builds required to establish a new Long Range Anti-Ship Missile variant extending range beyond the existing AGM-158C-1 variant including advanced communications and survivability capabilities while supporting maritime strike missions for the Navy. Work is expected to be completed in August 2026. FY24 research, development, test and evaluation funds in the amount of $25M 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.