Lockheed Martin secures over $551 million contract to supply submarine electronic warfare systems

From Nasdaq: 2025-02-03 20:37:08

Lockheed Martin Rotary and Mission Systems in New York has secured a $551.01 million contract from the U.S. Navy for engineering and technical support, as well as production of AN/BLQ-10 electronic warfare systems for submarines. The contract includes options that could bring the total value to $1.37 billion and is expected to be completed by January 2030.

Lockheed Martin Space in Colorado was awarded an $86.7 million contract for advanced payload modules, with work expected to be completed by September 30, 2027.

Lockheed Martin Rotary and Mission Systems in New Jersey received a $24.98 million modification for AEGIS sustainment, system integration, and support, with completion expected by December 2025.



Read more at Nasdaq: Lockheed Martin Secures $551 Mln Contract For Submarine Electronic Warfare Systems From US Navy