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  • Thursday, November 21, 2024

Lockheed Wins Potential $638M Contract to Engineer Navy Combat System


Jeff Brody

Lockheed Martin (NYSE: LMT) has won a potential nine-year, $637.6M contract to perform engineering and integration work on the U.S. Navy™s combat management system for missile defense.

The company’s rotary and mission systems business will update tactical computer programs Ship Self-Defense System and provide related products for development, engineering and logistics, the Department of Defense said Thursday.

DoD noted the cost-plus-incentive fee, cost-only, firm-fixed-price contract has a base value of $56M and includes options that would extend work through December 2028.

Naval Sea Systems Command received three bids for the project and will obligate $12.4M at the time of award. Work will take place in Moorestown, N.J., and in San Diego through December of this year.

SDSS is an open architecture platform designed to defend aircraft carriers and amphibious vessels against cruise missiles and provide situational awareness as well as combat mission support.

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