Lockheed Martin Awarded $209 Million Navy Contract Modification

MT newswire2026/10/05 21:41

05:41 PM EDT, 10/05/2026 (MT Newswires) -- Lockheed Martin (LMT) was awarded a $209 million firm-fixed-price modification to a Navy contract for the production of Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 systems, the US Department of Defense said Monday. The modification includes options which, if exercised, would bring the cumulative value of the contract to $1.71 billion, according to a statement. The contract is expected to be completed by September 2029.

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