Lockheed Martin was awarded a $350.4M cost-plus-incentive-fee and cost-plus-fixed-fee un-priced letter contract modification to a previously awarded and announced unpriced letter contract for program management, engineering development, systems integration, long lead material procurement, and special tooling and equipment procurement in support of missile production. This contract award contains option line items. Work is expected to be completed on November 9, 2026 once the contract is definitized. FY21 research, development, test, and evaluation funds in the amount of $2.85M will be obligated on this award and will expire at the end of the current fiscal year. FY22 research, development, test, and evaluation funds in the amount of $24.
https://www.tipranks.com/news/the-fly/lockheed-martin-awarded-350-4m-navy-contract-modification?utm_source=advfn.com&utm_medium=referral
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