Lockheed Martin Doubles Down with Pair of Navy Deals

According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $72, 618, 815 advance acquisition contract for long lead materials and support associated with the manufacture and delivery of 24 mission avionics systems and common cockpits for the Lot 10 MH-60R helicopters and 18 common cockpits for the Lot 14 MH-60S helicopters.  In addition, this contract provides for the procurement of end-of-life components for the MH-60R and MH-60S.  Work will be performed in Farmingdale, N.Y. (48 percent); Owego, N.Y. (26 percent); Woodland Hills, Calif. (13 percent); Ciudad Real, Spain (6 percent); Horseheads, N.Y. (2 percent); Lewisville, Texas (2 percent); Bennington, Vt. (1 percent); Windsor Locks, Conn. (1 percent); and various locations throughout the United States (1 percent).  Work is expected to be completed in December 2011.  Funding is provided by fiscal 2011 Aviation Procurement Navy funds.  Contract funds will not expire at the end of the current fiscal year.  This contract was not competitively procured.  The Naval Air Systems Command, Patuxent River, Md., is the contracting activity (N00019-11-C-0020).

“Lockheed Martin was awarded a $40, 600, 000 cost-plus-fixed-fee with performance incentives letter contract for combat systems engineering and installation and test aboard KDX-III Ship 3 to support the Republic of Korea Foreign Military Sales case KS-P-LPN.  This contract involves foreign military sales to the Republic of Korea (100 percent).  Requirements include the necessary combat systems engineering, computer program development, and ship integration and test support to deliver a variant of the U.S. Navy Aegis weapon system baseline seven, phase one computer program and equipment to support the construction of the third Korean ship in the KDX-III class.  In addition, this contract funds an integrated test team to assist the Korean shipyard in performing installation and testing of the Aegis Combat System.  Work will be performed in Ulsan, Korea (48 percent); Moorestown, N.J. (44 percent); Kongsberg, Norway (7 percent); and Dijon, France (1 percent), and is expected to be completed by September 2012.  Contract funds will not expire at the end of the current fiscal year.  This contract was not competitively procured.  The Naval Sea Systems Command, Washington Navy Yard, D.C., is the contracting activity (N00024-11-C-5103).”

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