Lockheed (LMT) Clinches Navy Contract to Support LCS Program
Lockheed Martin(LMT) zacks.com·2024-05-28 23:00
Lockheed Martin Corp.’s (LMT) business segment, Rotary and Mission Systems (RMS), recently clinched a modification contract to provide industrial post-delivery availability support for the Freedom-variant Littoral Combat Ship USS Cleveland (LCS 31). The award has been offered by the Naval Sea Systems Command, Washington, D.C.Valued at $22.7 million, the contract is expected to be completed by March 2025. Work related to this deal will be executed in Marinette, WI.What’s Favoring Lockheed?LCS is a class of s ...