Lockheed Martin awarded $113.5M Navy contract modification

Lockheed Martin (LMT) was awarded a $113.5M modification to a previously awarded firm-fixed-price, cost-plus-fixed-fee, cost reimbursable, indefinite-delivery/indefinite-quantity contract. This modification increases the contract ceiling to provide continued integrated logistics support, sustaining engineering, spares support, material management, component overhaul, and training activities in support of sustaining the VH-92A Patriot in-service helicopter for the Navy. Work is expected to be completed in November 2031. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. The contract that is being modified was not competed. Naval Air Systems Command is the contracting activity.