Lockheed Martin wins $224M Navy sonar contract modification

Investing_ng | 16-06-2026 10:24am |

Lockheed Martin has been awarded a modification to an existing contract with the U.S. Navy, valued at $224 million. This contract modification pertains to the development and production of advanced sonar systems. The agreement aims to enhance the Navy's capabilities in underwater surveillance and detection. Work related to this contract will be conducted at various locations, contributing to the ongoing modernization efforts of the Navy's fleet.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.