Lockheed Martin awarded $1.36B Navy contract modification

Lockheed Martin (LMT) was awarded a cost-plus-incentive-fee and cost-plus-fixed-fee contract modification with a value $1.36B to previously awarded unpriced letter contract modifications as well as new scope under contract N00030-22-C-1025. This value includes optional line items. The effort will provide program management, engineering development, systems integration, long lead material, testing, and special tooling and equipment in support of missile and launching platform production for Conventional Prompt Strike. Work is expected to be completed on Sept. 30 2032. This contract was awarded as a sole source acquisition pursuant to 10 U.S. Code 3204 and was previously synopsized on the System for Award Management online portal. Strategic Systems Programs is the contracting activity.