Lockheed Martin Wins $114 Million Naval Contract for SEWIP

Lockheed Martin Corp.’s (LMT) business segment, Rotary and Missions Systems, recently clinched a modification contract involving its Surface Electronic Warfare Improvement Program. The award has been provided by the Naval Sea Systems Command, Washington, D.C.Details of the Deal Secured by LMTValued at $113.6 million, the contract is projected to be completed by October 2026. Per the terms of the deal, Lockheed Martin will be engaged in full-rate production of Surface Electronic Warfare Improvement Program A ...