Lockheed Gets $120M Navy Contract Modification for EW Block 2 System Production

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has received a $119.6 million contract modification to produce electronic warfare subsystems for the U.S. Navy.

The modification represents options under a previously awarded contract and covers the full-rate production of AN/SLQ-32(V)6 Block 2 subsystems under the Surface Electronic Warfare Improvement Program, the Defense Department said Friday.

SEWIP Block 2 seeks to augment system integration and EW capacities of naval ships by updating current AN/SLQ-32(V) and receiver and antenna segments.

Work will take place in New York, Pennsylvania, Massachusetts, New Jersey, Minnesota, Alabama and the U.K. through December 2019.

DoD noted that the full obligated amount at the time of award is from the Navy’s fiscal 2018 “other” procurement; and fiscal 2018, 2017, 2016 shipbuilding and conversion funds.

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