Lockheed Martin to Enhance MK 48 Torpedo Capabilities Through $245 Million Modification Contract

Lockheed Martin Corp., Liverpool, New York, is awarded a $245,413,931 firm-fixed-price, cost-plus-fixed-fee, and cost-only modification to previously awarded contract (N00024-23-C-6411) to exercise options for production, spares, production support material, engineering support, and hardware repair of components for MK 48 Heavyweight Torpedo All Up Round in support of the MK 48 MOD 7 Heavyweight Torpedo program. This contract combines purchases for the Navy, the Royal Australian Navy, and the Foreign Military Sales program. Work will be performed in Liverpool, New York (57%); Clearwater, Florida (37%); Braintree, Massachusetts (6%); and is expected to be completed by September 2027. Fiscal 2024 weapons procurement (Navy) funds in the amount of $157,933,050 (65%); fiscal 2023 weapons procurement (Navy) funds in the amount of $12,061,788 (5%); and funding from foreign partners in the amount of $73,218,476 (30%), will be obligated at the time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command, Washington, D.C., is the contracting activity.