Lockheed Martin (NYSE: LMT) has received a potential one-year, $126.3 million contract modification to provide engineering and system support services for the U.S. Navy™s Integrated Submarine Imaging Systems program.
The cost-plus-incentive-fee modification exercises an option on a previously awarded contract and covers development, design, field and reverse engineering and technology insertion support services for the ISIS program, the Defense Department said Thursday.
The ISIS initiative works to provide digital image management, electronic and visual search, indication, architecture interface and warning support functionalities for the service branch™s submarines, such as SSN 774 Virginia-class and SSN 688 Los Angeles-class submarines.
Lockheed will perform work in Virginia, Massachusetts and Rhode Island through September 2017.
The Naval Sea Systems Command will obligate $7.9 million from the military branch™s fiscal 2011 through 2016 contract funds at the time of award, according to DoD.
