Lockheed Subsidiary Wins $66M Navy Torpedo Engineering, Maintenance Contract

Lockheed Martin subsidiary has won a potential five-year, $65.9 million contract  to maintain and engineer MK48 torpedoes for the U.S. Navy‘s Intermediate Maintenance Activity in Pearl Harbor, Hawaii.

The Naval Sea Systems Command awarded the contract to Lockheed Martin Sippican after a competitive solicitation that garnered two proposals, the Defense Department said Thursday.

DoD noted the service branch will obligate $3,028,731 at the time of award from fiscal 2018 operations and maintenance funds.

Work could occur through March 2023 if the Navy exercises all contract options.

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