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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Lockheed completes initial F-16 Block70 production for Bulgaria, Slovakia
- Lockheed Martin awarded $433.21M Army contract modification
- Private Markets: Musk’s SpaceX targets 2026 IPO at valuation of $1.5T
- Roblox downgraded, Lululemon upgraded: Wall Street’s top analyst calls
- Lockheed Martin awarded $104.62M Navy contract modification
