Lockheed Martin Wins $9.6M Navy Combat System Deal

Lockheed Martin Awarded $9.58M Navy Contract Modification

Lockheed Martin Corp. has officially received a $9.58 million modification to an existing contract from the U.S. Navy. The work involves crucial combat system integration and testing for both littoral combat ships and emerging unmanned surface vessels.

Project Scope and Locations

The contract, managed by Lockheed Martin's Rotary and Mission Systems division, will be performed across multiple U.S. locations. The primary sites for the work are Seattle, Washington, accounting for 45% of the project, and Moorestown, New Jersey, with 32%. Additional work will be conducted in California, Mississippi, Florida, and other states.

Financial Details and Timeline

Funding for this modification is sourced from the Navy's fiscal 2026 and 2025 procurement budgets, with these funds not expiring at the end of the current fiscal year. The U.S. Navy expects all related work to be finalized by February 2027. The Naval Sea Systems Command in Washington, D.C. is the contracting activity.

Conclusion

This award reinforces Lockheed Martin's integral role in the U.S. Navy's fleet modernization efforts, particularly in integrating advanced combat capabilities into its surface fleet. The project's focus on both manned and unmanned vessels signals a strategic direction in naval warfare technology.

FAQ

Q: What is the main purpose of Lockheed Martin's new contract modification?
A: The primary purpose is for combat system integration and testing on U.S. Navy littoral combat ships and unmanned surface vessels.

Q: What is the completion date for this project?
A: The project is expected to be completed by February 2027.

Source: Investing.com