According to the Department of Defense, “Lockheed Martin (NYSE: LMT) is being awarded a $34, 111, 626 modification to previously awarded contract (N00024-11-C-2300) to exercise options for special studies, analyses, review and Littoral Combat Ship (LCS) class services. Lockheed Martin will assess engineering and production challenges and evaluate the cost and schedule risks from affordability efforts to reduce LCS acquisition and lifecycle costs. Work will be performed in Hampton, Va. (31 percent); Marinette, Wis. (25 percent); Washington, D.C. (24 percent); and Moorestown, N.J. (20 percent). Work is expected to be complete by March 2012. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.”
Lockheed Wins Navy Contract Modification
Related Articles
Lockheed Martin‘s (NYSE: LMT) venture capital arm has been expanding its investment scope in the past few years to help small businesses keep up with the volatility of the government contracting industry, Washington Business Journal reported Friday. Chris Moran, vice president and general manager of Lockheed Martin Ventures, told the Washington Business Journal in an
General Electricâs (NYSE: GE) aviation business has received a potential $157.7M contract to provide holistic engine support for T64 engines used to power U.S. Navy aircraft. The Defense Logistics Agency awarded the fixed-price prospective redetermination and requirements contract that has base period of five and a half years along with one five-year option, the Department of Defense said Wednesday.
TYSONS CORNER, VA, November 28, 2018 â Boeing (NYSE: BA) has entered into a reciprocal purchase agreement with Israel’s government in which the U.S. defense firm will invest in and partner with Israeli companies on certain contracts, ExecutiveBiz reported Nov. 2. The Jerusalem Post reported Oct. 31Â that Boeing will collaborate with the local industry in