On the final day of its fiscal year, the Department of Defense announced 95 separate defense contracts Monday, worth $5.526 billion in total. Lockheed Martin (NYSE:LMT), the nation's largest pure-play defense contractor, won seven of them:
- A $95.7 million contract modification making definite the U.S. Navy's fiscal 2012 AN/SQQ-89A(V)15 Surface Ship Undersea Warfare System production requirements and exercising an option to buy more of these systems before fiscal 2013 funding ran out. The AN/SQQ-89A(V)15 is a surface ship combat system used to search, detect, classify, localize, track, and kill undersea contacts. Delivery is due in December 2015.
- A new $48.6 million contract to provide flight operations and factories support for the Air Force's Highly Elliptical Orbit (HEO) and Geosynchronous Elliptical Orbit (GEO) on-orbit assets through Sept. 30, 2014.
- A new $44.7 million contract to supply the U.S. Navy with TB-37/U Multi Function Towed Array (MFTA) sonar receivers for use in conjunction with the AN/SQQ-89A(V)15 systems mentioned above. This contract should be completed by April 2015.
- A $23.2 million contract modification to extend Undersea Warfare (USW) Product Support across USW Systems (again, such as those discussed above). This contract runs through November 2013.
- A $16.5 million contract modification to conduct a sustainment support study, related to continued work on the Space-Based Infrared System's (SBIRS) ground systems assets by Sept. 30, 2015.
- A $13.1 million contract to provide the U.S. Army with spare parts and production technical data for the AN/TPQ-53 radar system.
- And finally, a not-to-exceed $6.6 million delivery order to repair parts used in the U.S. Navy's AN/UYQ-70 Advanced Display System used in tactical and command, control, and communications computers. Work is expected to be completed by October 2014.
In total, Lockheed's contract wins yesterday totaled nearly a quarter-billion dollars -- $248.4 million.
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