Lockheed Martin awarded $119.98M Navy contract modification

Lockheed Martin was awarded an $119.98M cost-plus-fixed-fee, firm-fixed-price, cost reimbursable, indefinite-delivery/indefinite-quantity contract to provide logistics, engineering and modification install support for the H-53 helicopter for the Marine Corps, Navy, and Foreign Military Sales customers. Work is expected to be completed in March 2028. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract was not competitively procured pursuant to 10 U.S. Code 2304. The Naval Air Systems Command is the contracting activity.