Lockheed Martin Corp. (NYSE:LMT) just bagged four defense contracts totaling around $137.6 million, the U.S. Department of Defense reported on Tuesday.
The biggest contract is a modification of an existing deal worth $70.1 million for Lockheed Martin Aeronautics Co. in Fort Worth, Texas. This mod adds work to the Foreign Military Sales F-35 program for Romania, covering program management, logistics, and support, as well as systems engineering. The work will be carried out in various locations within the continental U.S. and overseas, with completion expected by November 2028. The contracting agency is the Naval Air Systems Command in Patuxent River, Maryland.
Lockheed Martin Rotary and Mission Systems in Manassas, Virginia, received a contract modification worth $37 million under a cost-plus-incentive-fee scheme for engineering and technical support for the integrated submarine visualization system. Work will be performed in Manassas, with completion expected by March 2027. The contracting organization is the Naval Sea Systems Command in Washington, D.C.
The company also secured a solid fixed-price contract worth $20.5 million to supply 180 spare high-frequency chin acoustic modules for Block IV Virginia-class submarines. Work will be carried out in Hingham, Massachusetts; Oldsmar, Florida; Liverpool, New York; and Manassas, Virginia, with completion expected by June 2031. The contracting organization is the Naval Supply Systems Command for weapon system support in Mechanicsburg, Pennsylvania.
Lockheed Martin Missiles and Fire Control in Dallas, Texas, received a contract modification worth $10 million for equipment to upgrade the ground component of the THAAD missile defense system configuration 3.1 Part B2. Work will be performed in Dallas; Sunnyvale, California; Troy, Alabama; Huntsville, Alabama; and Camden, Arkansas, with an expected completion date of January 31, 2029. The contracting organization is the Missile Defense Agency in Huntsville.