Lockheed Martin awarded $365.73M Navy contract
Lockheed Martin was awarded a $365.73M cost-plus-incentive-fee, cost-plus-fixed fee, firm-fixed-price contract for new-construction DDG Aegis Weapon System Baseline K2 development and integration in support of the Republic of Korea Navy. This contract involves foreign military sales to the government of South Korea. This contract will provide for combat system installation, staging and integrated logistics support required for the installation, test and delivery of the Aegis Combat System K2 baselines for three Republic of Korea Navy DDGs. These efforts include program management, system engineering and computer program development; ship integration and testing; technical manuals and planned maintenance system documentation. Work will be performed in New Jersey, South Korea and Washington D.C. and is expected to be completed by July 2026. Foreign military sales funding in the amount of $111.54M will be obligated at time of award and will not expire at the end of the current fiscal year. This contract was not competitively procured. The Naval Sea Systems Command is the contracting activity.