Lockheed Martin Missiles and Fire Control (LMT [https://seekingalpha.com/symbol/LMT]) was awarded a $244.96M firm-fixed-price modification to a previously awarded contract by the U.S. Navy. This modification adds scope to procure Full Rate Production 2 of F/A-18E/F Infrared Search and Track Block II systems, to include 48 infrared receivers (45 for the Navy and three for the Royal Australian Air Force), 74 processors, and 27 inertial measurement units for the Navy, as well as test equipment maintenance and lay-in material. The work will be performed across locations including Florida, California, Florida, and Pennsylvania; and is expected to be completed in February 2031. The Navy has also awarded Lockheed a $52.
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