Lockheed Martin Rotary and Mission Systems awarded $478,359,847 contract
United States, March 24 -- Lockheed Martin Rotary and Mission Systems, Manassas, Virginia, is awarded a $478,359,847 cost only, cost-plus-incentive-fee, firm-fixed-price, and fixed-price incentive, indefinite-delivery/indefinite-quantity contract for engineering and technical support and production of the Integrated Submarine Imaging System for new-construction and in-service submarines. This contract includes options which, if exercised, would bring the cumulative value of this contract to $1,187,724,017. Work will be performed in Manassas, Virginia, and is expected to be completed by March 2036. Fiscal 2025 other procurement (Navy) funds in the amount of $600,000 will be obligated to satisfy the minimum guarantee and begin engineering eff...
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