Lockheed wins $27.4M to restructure contract options for Navy
Lockheed Martin has won a contract with the Navy to restructure the contract options related to a contract in support of their electronic warfare system.
Lockheed Martin has won a $27.4 million contract modification to exercise and restructure the fixed-price-incentive options for the Navy’s electronic warfare improvement system to firm-fixed-price options.
The Surface Electronic Warfare Improvement Program Block 2 System is an acquisition program to upgrade the existing AN/SLQ-32(V) Electronic Warfare System, the Defense Department said in a release.
The Block 2 will improve the receiver/antenna group necessary to keep the system’s capabilities current and improve system integration.
Work is to be performed in Syracuse, N.Y., and is expected to be completed by March 2014, the Defense Departent said.
Contract funds will not expire at the end of fiscal 2013.
NEXT STORY: Amazon-CIA deal triggers plenty of questions