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Lockheed to Produce Submarine Electronic Warfare Tech Under $312M Navy Contract Option

Lockheed Martin (NYSE: LMT) has received a potential $311.9 million contract modification to design, test and produce electronic warfare systems for the U.S. Navy’s submarines.

The company will manufacture and perform qualification testing of AN-BLQ-10 systems in support of Technical Insertions 20, 22 and 24 on the service branch’s submarines, the Department of Defense said Monday.

Contract work will occur in Syracuse, New York, through February 2029.

Naval Sea Systems Command will obligate funds at the delivery order level.

The award represents exercised options on an indefinite-delivery/indefinite-quantity contract awarded by the Navy in 2019.

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