Home / Contract Awards / Lockheed Wins $513M Vehicle Optic Sensor Systems IDIQ

Lockheed Wins $513M Vehicle Optic Sensor Systems IDIQ

The U.S. Navy has awarded Lockheed Martin‘s (NYSE: LMT) gyrocam systems company one of two commercial contracts to provide up to 951 vehicle optic sensor systems for use in Afghanistan and the continental U.S.

Lockheed will compete for orders that also will include spare parts, maintenance, sustainment, training and provisional technical data.

The maximum dollar value for the firm-fixed-priced, indefinite-delivery/indefinite-quantity, multiple award contract, including the base year and four option years, is $513,697,547.

Work for these delivery orders is expected to be completed within 30 days from award.  Work will be performed in Sarasota, Fla., and Billerica, Mass., and is expected to be completed November 2015.

Marine Corps Systems Command, Quantico, Va., is the contracting activity.

Other News

Daniel Muse

Daniel Muse Joins Sevatec as CFO; Sonny Kakar Comments

Daniel Muse, formerly director of aerospace, defense and government services investment banking group at Stifel ...

GovConIndexDOWN

March 2 Morning Report: GovCon Index Down at Friday’s Close

The GovCon Index ended the month of February with 69.615 at Friday’s close, a loss of 0.677 points or ...