Lockheed Martin awarded $99M Navy contract

Lockheed Martin was awarded a not-to-exceed $99M, cost-plus-incentive-fee, and cost-plus-fixed-fee unpriced letter contract modification to a previously awarded contract to provide systems engineering, test planning, and long lead material in support of missile production. Work is expected to be completed February 2, 2027, once the contract is definitized. No funds will expire at the end of the current fiscal year. This contract is being awarded to the contractor on a sole source basis under 10 U.S. Code 3204(a)(1) and was previously synopsized on the System for Award Management online portal. Strategic Systems Programs is the contracting activity.