Lockheed Martin has been awarded a $481 million contract to support the construction of four Multi-Mission Surface Combatant (MMSC) ships for the Royal Saudi Naval Forces, the Department of Defense announced Monday.
“Lockheed Martin Corp., Baltimore, Maryland, is being awarded a $481,169,145 not-to-exceed undefinitized contract action for long-lead-time material in support of the construction of four Multi-Mission Surface Combatant (MMSC) ships,” the statement says.
Work is expected to be completed by October 2024. Foreign military sales funds for the kingdom of Saudi Arabia in the amount of $240,584,569 will be obligated at time of award and will not expire at the end of the current fiscal year, the statement added.
The MMSC is a lethal and highly-maneuverable surface combatant capable of littoral and open-ocean operation. Its mission capabilities include anti-surface warfare (ASuW), anti-submarine warfare (ASW), anti-air warfare (AAW), mine warfare, electronic warfare, and special operations.
The US Navy awarded Lockheed Martin a $150 million contract, with options worth up to $942.8 million, for the development, manufacture and delivery of two high power laser weapon systems, by fiscal year 2020
The US Navy awarded Lockheed Martin a $15 million contract to mature its Freedom-variant Frigate design as a part of the Navy's FFG(X) competition. Lockheed Martin submitted its Freedom-variant Littoral Combat Ship (LCS) parent design in response to the U
Indra and Lockheed Martin recently signed an agreement that extends their relationship in the development of an S-band active electronically scanned array (AESA) radar for the Spanish Navys F-110 program to the commercialization of this radar worldwide. The F-110 frigate is the Spanish Navys future multi-mission surface vessel, due to see operations in the next decade
Lockheed Martin has won $22.7 million modification contract to exercise an option for class services in support of Littoral Combat Ship program for Saudi Arabia
The US Missile Defense Agency has awarded Lockheed Martin an $80.6 million fixed-price contract for modified ballistic re-entry vehicles and separation modules for missile defense tests
China Investigating Shipyard Executive For Leaking Aircraft Carrier Info To US
Swedish Navy’s HSwMS Gotland Attack Submarine Set For Sea Trials
Russian Terminator Tank-support Combat Vehicles To Get Smart Shells
French Air Force Retires Mirage 2000N Fighter Aircraft
BEL in Race to Develop Infrared Tracking System For Sukhoi Su-30 MKI...
Draken Wins USAF $280 Million ADAIR Services Contract
Pakistan Signs Deal to Procure 30 T129 ATAK Helicopters from Turkey
BAE Systems Wins $348 Million to Produce 473 Bradley Armored Vehicles
Indias plans of integrating the MBDAs meteor missile on its LCA Tejas and Su-30MKI aircraft may not happen due to...
The most-read stories on the defenseworld
One of the most interesting exhibits at the Dubai Air show 2017 occupies a corner in the Aviation Industries Corporation...
The rising demand for low-cost, combat-capable aircraft that is able to perform a range of missions in an unchallenged environment,...
Amid the proliferation of real-time data from sources such as mobile devices, web, social media, sensors, log files and transactional...
Military activity in various hotspots of the world has increased the demand for ballistic protection that includes headgear, bulletproof vests,...