Lockheed Martin (LMT) was awarded $111.64M for a firm-fixed-price delivery order, under a previously awarded contract, for the procurement of eight helicopter rotor hub assemblies in support of the CH-53K aircraft. This contract contains no options. All work will be performed in Stratford, Connecticut, and work is expected to be completed by August 2032. Annual working capital funds in the amount of $54.7M will be obligated at the time of award, and funds will not expire at the end of the current fiscal year. One company was solicited for this sole-source requirement pursuant to the authority set forth in 10 U.S. Code 3204 (a)(1), with one offer received. Naval Supply Systems Command Weapon Systems Support is the contracting activity.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Lockheed Martin awarded $175.74M Navy delivery order
- Pfizer provides FY25 outlook, McCormick in talks for Sauer Brands: Morning Buzz
- Morning Movers: Rockwell Medical jumps following product purchase agreement
- Musk targets costly fleet of Lockheed Martin’s F-35 fighter jets, FT reports
- Lockheed Martin (NYSE:LMT) Wants to Get More Militaries into AI