Lockheed Martin Secures a Contract to Support Submarines
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Lockheed Martin has been awarded a $54.2 million contract by the Naval Sea Systems Command to manufacture submarine electronic warfare systems. The contract, set to be completed by January 2028, will be executed in Syracuse, NY. This comes amid a growing global submarine market, with Mordor Intelligence forecasting a 7.6% CAGR between 2025-2030.
March 20, 2025 | 4:45 pm
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Ascending
NEUTRAL IMPACT
NOC continues to provide critical missile launch systems for submarine programs, including Columbia and Dreadnought common missile compartment projects.
Ongoing involvement in submarine missile systems indicates stable market position, with moderate growth potential.
CONFIDENCE 70
IMPORTANCE 55
RELEVANCE 60
POSITIVE IMPACT
HII's involvement in Columbia-class and Virginia-class submarine production positions it to benefit from expanding global submarine market trends.
Submarine market expansion and long-term growth forecast create positive outlook for HII's naval shipbuilding segment.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
New contract reinforces LMT's position in submarine technology market, leveraging its AN/BLQ-10(V) Electronic Warfare System and capitalizing on increasing global submarine market demand.
Contract demonstrates LMT's strong market position, provides immediate revenue, and signals potential for future submarine technology contracts.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100