Lockheed Martin awarded $73.7M for Vertical Launching System
United States, July 1 -- Lockheed Martin Rotary and Mission Systems, Moorestown, New Jersey, is awarded a $73,681,472 firm-fixed-price modification to previously awarded contract (N00024-23-C-5325) to exercise options for MK 41 Vertical Launching System modules and ancillary equipment.Work will be performed in Moorestown, New Jersey (31%); Indianapolis, Indiana (27%); Saginaw, Michigan (7%); Farmingdale, New York (6%); St. Peters, Missouri (3%); San Jose, California (2%); Radford, Virginia (1%); and various other locations (23%), and is expected to be completed by December 2030.Fiscal 2026 shipbuilding and conversion (Navy) funds in the amount of $56,093,952 (76%); and fiscal 2025 shipbuilding and conversion (Navy) funds in the amount of $1...
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