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Lockheed Lands $227M Navy Contracts for MH-60R Mission Avionics Production, Engineering

MH-60RThe U.S. Navy has awarded Lockheed Martin (NYSE: LMT) two contracts worth $227 million combined to produce mission avionics platforms and provide engineering support for Sikorsky-built MH-60R helicopters through the U.S.’ foreign military sales agreement with Saudi Arabia.

One potential $117 million contract modification covers program support and recurring engineering assistance for the production of 10 common cockpits and mission avionics systems, the Defense Department said Wednesday.

Work will occur in various locations in the U.S. and Ciudad Real, Spain, through April 2019.

Lockheed will also provide test, development, qualification and other nonrecurring engineering support for the aircraft under a separate contract worth $110 million,  DoD reported.

Work under this firm-fixed-price delivery order will take place in New York, Utah, Texas, California and Virginia through June 2019.

The Naval Air Systems Command is the contracting activity for both contracts and will use FMS-related funds to cover the full obligated amounts, the Pentagon added.

MH-60R is a maritime helicopter intended for anti-surface and anti-submarine warfare missions.

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