Lockheed Martin receives $209 million Navy SEWIP production contract modification
Lockheed Martin was awarded a firm‑fixed‑price modification of roughly $209 million by the U.S. Navy on Sept. 30, 2026 for additional production of AN/SLQ‑32(V)6 Surface Electronic Warfare Improvement Program systems. The award extends production through Sept. 2029, with 78 % of the work performed in Liverpool, New York and the remainder in Lansdale, Pennsylvania. Options in the contract could raise its total value to about $1.71 billion.
Why it matters
The Navy’s funding sustains Lockheed’s industrial base for electronic‑warfare hardware and signals continued demand for shipboard EW upgrades, which could support the company’s revenue stream over the next three years. The contract also ensures the Navy maintains its SEWIP capability for detecting evolving anti‑ship missile threats.
Key facts
- 1The modification has a base value of $208.96 million. thedefensewatch.com
- 2The modification has a base value of $209 million. govconwire.com
- 3If all options are exercised, the cumulative contract value could reach $1.708 billion. thedefensewatch.com
- 4If all options are exercised, the cumulative contract value could reach nearly $1.71 billion. govconwire.com
- 5Work is scheduled to continue through September 2029. thedefensewatch.com
- 6Lockheed will perform 78 % of the work in Liverpool, New York and 22 % in Lansdale, Pennsylvania. thedefensewatch.com
Open questions
- Base value is reported as $208.96 million in material 1 and $209 million in material 2.
- Cumulative optional value is reported as $1.708 billion in material 1 and nearly $1.71 billion in material 2.
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.