Lockheed Martin Rotary and Mission Systems awarded $62M contract for fiscal 2022 AEGIS modernization, DDG new construction, and Frigate new construction production requirements
Lockheed Martin Rotary and Mission Systems, Moorestown, New Jersey, is awarded a $62,086,381 fixed-price-incentive and firm-fixed-price modification to previously awarded contract N00024-20-C-5101 for fiscal 2022 AEGIS modernization, DDG new construction, and Frigate new construction production requirements. Work will be performed in Moorestown, New Jersey (80%); and Clearwater, Florida (20%), and is expected to be completed by September 2025. Fiscal 2022 other procurement (Navy) funds in the amount of $42,685,741 (69%); fiscal 2022 shipbuilding and conversion (Navy) funds in the amount of $15,016,890 (24%); and fiscal 2022 Defense-wide procurement funds in the amount of $4,383,750 (7%) will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C. is the contracting activity.