Hello, Guest!
  • Saturday, November 23, 2024

Lockheed Awarded $186M Option on Navy Submarine Engineering Contract

Naval Sea Systems Command has awarded Lockheed Martin (NYSE: LMT) a $185.9 million contract option to provide engineering design and development services for the U.S. Navy’s submarine fleet.

The military branch will obligate $18.4 million at the time of award using its fiscal 2022 funds for research, development, test and evaluation and shipbuilding and conversion, the Department of Defense said Tuesday.

Lockheed’s rotary and mission systems business will perform the work through September 2023.

The exercised option falls under a cost-plus-incentive-fee contract awarded in August 2020 with a potential cumulative value of $2.22 billion.

Video of the Day

Related Articles

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ Contract Awards

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ

Eight companies have won spots on a five-year, $701 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to repair, maintain and modernize non-nuclear surface ships homeported in Mayport, Florida. The contractors will conduct continuous maintenance emergent maintenance of the ship and provide short-term support to the Chief of Naval Operations, the Department of Defense said Wednesday.

Air Force Posts Solicitation for Potential $5.7B Combat Air Force Support Follow-On Contract News

Air Force Posts Solicitation for Potential $5.7B Combat Air Force Support Follow-On Contract

The U.S. Air Force has begun seeking proposals for a potential $5.7 billion follow-on multiple-award contract to provide combat air forces contracted air support services to help protect U.S. assets against advanced airborne threats. CAF CAS II seeks to procure non-personal services for realistic advanced adversary air threats and close air support threats to support

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech Contract Awards

Northrop Lands $167M Navy Contract Modification for G/ATOR Radar Tech

Northrop Grumman (NYSE: NOC) has secured a potential $167.1 million contract modification from the U.S. Navy to supply four lot 6 full-rate production Ground/Air Task Oriented Radar systems. Marine Corps Systems Command is the contracting activity and will obligate the full contract amount using the U.S. Air Force’s other procurement funds for fiscal year 2024,