Lockheed Martin's unit gets $155.7M boost for Navy combat systems

[Lockheed Martin Aeronautics Company facility in Fort Worth, TX, USA.] JHVEPhoto * Lockheed Martin's (LMT [https://seekingalpha.com/symbol/LMT]) Rotary and Mission Systems unit won a $155.7M cost-plus-award-fee contract modification. * The contract aims to support [https://www.war.gov/News/Contracts/Contract/Article/4613098/contracts-for-sept-28-2026/] systems engineering and software integration for the Integrated Combat System across the U.S. Navy and Coast Guard surface forces. * The work is expected to be completed by September 27, 2026. * The $96.3M in fiscal 2025–2026 Navy procurement, R&D, weapons procurement, and operations funds will be obligated at award, including $46.3M from fiscal 2025 other procurement and $40.6M from fiscal 2026 RDT&E.