Hello, Guest!
  • Friday, April 26, 2024

Lockheed Gets $2B Navy FMS Contract Modification for Multimission Surface Combatant Ships


Jeff Brody

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $1.95B contract modification to design and build surface combatant vessels for Saudi Arabia.

Lockheed will also provide materials and data environment integration services for four Multi-Mission Surface Combatant ships as part of a foreign military sales agreement between the U.S. and the Kingdom of Saudi Arabia, the Department of Defense said Friday.

DoD expects work to be complete in June 2026 and noted the sale of MMSC vessels, which are based on Freedom-class Littoral Combat Ships, will support KSA’s strategic regional security missions.

Video of the Day

Related Articles

RTX Books $344M Standard Missile Production Contract Contract Awards

RTX Books $344M Standard Missile Production Contract

Raytheon, a subsidiary of RTX (NYSE: RTX), has received a $344 million contract to build and deliver two Standard Missile variants with a common guidance section to U.S. and international military customers. The company said Thursday it will produce the SM-2 Block IIICU and SM-6 Block IU missiles on a common production line for the

Lockheed Secures $440M Navy Contract Modification for F-35 Site Activation, Sustainment Services Contract Awards

Lockheed Secures $440M Navy Contract Modification for F-35 Site Activation, Sustainment Services

Lockheed Martin (NYSE: LMT) has secured a $439.9 million contract modification from the U.S. Navy to help military services activate sites and carry out initial aircraft sustainment activities for their F-35 aircraft fleet. The modification covers the provision of support equipment, pilot flight equipment, post-ejection survival training material and related services in support of initial

Boeing Awarded $1.3B Navy F/A-18 Super Hornet Production, Sustainment Contract Contract Awards

Boeing Awarded $1.3B Navy F/A-18 Super Hornet Production, Sustainment Contract

Boeing (NYSE: BA) has secured a $1.3 billion contract to build and deliver 17 F/A-18 multi-role strike fighter jets and a technical data package for fleet sustainment to the U.S. Navy. The service branch expects the delivery of the new Super Hornets to commence in winter 2026 and reach completion in spring 2027, Naval Air