Lockheed Martin Receives Incentive Fee/Cost Reimbursmet on U.S. Navy Contract
Lockheed Martin Rotary and Mission Systems out of Manassas, Virginia, received a $125,185,446 cost-plus-incentive-fee and cost reimbursement modification to a previously awarded contract for Acoustic-Rapid commercial-off-the-shelf (COTS) Insertion (A-RCI) systems engineering and technical support. The company will perform engineering services to continue the development and production of COTS Insertion A-RCI sonar systems that integrate and improve towed array, hull array, sphere array and other ship sensor processing, through rapid insertion of hardware and software. About 95 percent of the work will be performed in Manassas, Virginia with the rest in Syracuse, New York, and is expected to be completed by December 2017.
Lockheed Martin Rotary and Mission Systems out of Manassas, Virginia, received a $125,185,446 cost-plus-incentive-fee and cost reimbursement modification to a previously awarded contract for Acoustic-Rapid commercial-off-the-shelf (COTS) Insertion (A-RCI) systems engineering and technical support. The company will perform engineering services to continue the development and production of COTS Insertion A-RCI sonar systems that integrate and improve towed array, hull array, sphere array and other ship sensor processing, through rapid insertion of hardware and software. About 95 percent of the work will be performed in Manassas, Virginia with the rest in Syracuse, New York, and is expected to be completed by December 2017.
