Hello, Guest!
  • Tuesday, April 23, 2024

Lockheed Awarded $375M to Develop India’s Multirole Helicopter Platform

Lockheed Martin (NYSE: LMT) has landed a potential five-year, $375.5M U.S. Navy contract modification to build software and hardware for India's MH-60R multirole helicopter development program.

The company will initially receive $117.7M in foreign military sales funds for the modification awarded under a firm-fixed-price, cost-plus-fixed-fee contract, the Department of Defense said Friday.

India is procuring up to 24 MH-60Rs, associated equipment and support services through a $2.6B FMS deal the State Department approved in April.

Work will take place in Owego, N.Y., and Stratford, Conn., through June 2025.

The Sea Hawk platform. manufactured by Lockheed's Sikorsky subsidiary, supports military missions such as  anti-submarine, anti-surface and electromagnetic warfare, communications relay, surveillance, search-and-rescue, logistics and naval gunfire support.

Video of the Day

Related Articles

Lockheed Lands $157M USAF Joint Air-to-Surface Standoff Missile Enterprise Software Sustainment Contract Contract Awards

Lockheed Lands $157M USAF Joint Air-to-Surface Standoff Missile Enterprise Software Sustainment Contract

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems division has secured a $157 million contract to help the U.S. Air Force sustain the enterprise management software of the service branch’s air-launched cruise missile system. The contractor will perform sustainment and modernization of the Joint Air-to-Surface Standoff Missile enterprise management software, build operational real-time combat analysis

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

Darrell Graddy Named Chief Strategy Officer at Boston Government Services Executive Moves

Darrell Graddy Named Chief Strategy Officer at Boston Government Services

Darrell Graddy, formerly chief operating officer of Leidos‘ (NYSE: LDOS) U.K. business arm, has been appointed chief strategy officer at Boston Government Services. He brings to the role nearly four decades of government contracting industry experience in program management, business development, capture strategy, strategy development and strategic planning, BGS said Monday. “Darrell has been a