Lockheed Martin awarded $220M Navy contract modification

Lockheed Martin was awarded a cost-plus-incentive-fee and cost-plus-fixed-fee, unpriced letter contract modification with a not-to-exceed amount of $220M under contract. This effort will support program management, engineering development, systems integration, long lead material, and special tooling and equipment in support of missile and launching platform production for Conventional Prompt Strike. Work under this contract is expected to be completed on July 31, 2028. FY23 Missile Procurement funds in the amount of $980M; FY24 research, development, test, and evaluation funds in the amount of $96.24M and FY24 research, development, test and evaluation funds in the amount of $9.2M, will be obligated upon award. No funds will expire at the end of this fiscal year. This contract is being awarded to the contractor on a sole source basis under 10 U.S. Code 3204(a)(1) and was previously synopsized on the System for Award Management online portal. Strategic Systems Programs is the contracting activity.