Lockheed Martin Awarded $51.8M Contract Modification for Integrated Submarine Imaging System
United States, June 26 -- Lockheed Martin Corporation, Manassas, Virginia is awarded a $51,764,071 cost-plus-incentive-fee modification to previously awarded contract (N00024-18-C-6258) for production of the Integrated Submarine Imaging System for new construction and in-service submarines. This contract modification includes options which, if exercised, would bring the cumulative value of this contract modification to $63,397,435.Work will be performed in Manassas, Virginia (49%), Orlando, Florida (33%), Virginia Beach, Virginia (15%), Clearwater, Florida (1%), Andover, Massachusetts (1%), and Arlington, Virginia (1%), and is expected to be completed by June 2028.Fiscal 2025 other procurement (Navy) funds in the amount of $27,979,968 (54%)...
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