Lockheed awarded $447M contract for production of 12 MH-60R for Republic of Korea

Lockheed awarded $447M contract for production of 12 MH-60R for Republic of Korea

13-Apr-2021 Source: US DoD

Lockheed Martin Corp., Owego, New York, is awarded a $447,230,778 firm-fixed-price order (N0001921F0841) against a previously issued basic ordering agreement (N0001921G0017). This order provides for the production and delivery of 12 MH-60R aircraft for the government of the Republic of Korea. Work will be performed in Owego, New York (52%); Stratford, Connecticut (40%); and Troy, Alabama (8%), and is expected to be completed in December 2024. Foreign Military Sales funds in the amount of $447,230,778 will be obligated at time of award, none of which will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

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