Lockheed Martin (NYSE: LMT) has secured a $180.5 million contract modification from the U.S. Navy for continued delivery of AN/SQQ-89A (V) 15 anti-submarine warfare systems and engineering support services.
The Department of Defense said Friday Lockheed’s rotary and mission systems business will develop, integrate, manufacture and test Hypervisor Technology Zero AN/SQQ-89A (V) 15 surface ship undersea warfare combat systems under the new cost-plus-incentive fee, fixed-price-incentive and cost only award.
Seventy percent of work will be performed at Lockheed Martin Rotary and Mission Systems’ Manassas, Virginia site, while the remaining will be done in several other locations. Efforts are expected to wrap up by March 2025.
The Naval Sea Systems Command serves as the contracting activity.
In July 2023, the defense contractor received a $100 million modification to the same Navy contract that provides for systems and services.
