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Lockheed Martin Wins $257M Navy MK 48 Torpedo Contract

September 11, 2026

1 min read

Key Takeaways

Lockheed Martin wins $257M Navy contract for MK 48 Torpedo.
Contract includes production, spares, and engineering support.
Work to be performed in New York, Florida, and Massachusetts.

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Strategic Implications

This contract award may indicate the Navy's continued reliance on Lockheed Martin for critical defense systems. The investment in MK 48 Torpedo production suggests a focus on enhancing naval capabilities, which could have implications for the global defense landscape.

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What Happened

Defense Giant Secures Major Naval Contract For Heavyweight Torpedo

Lockheed Martin has been awarded a $257 million contract by the US Navy for the production, spares, and engineering support of the MK 48 Heavyweight Torpedo. The contract, which includes options for the Royal Australian Navy and Foreign Military Sales program, is expected to be completed by September 2029. Work will be performed in Liverpool, New York, Clearwater, Florida, and Braintree, Massachusetts. This contract was reported by ClearanceJobs.

Source | Originally Published: September 10, 2026

Companies Mentioned

Lockheed Martin US Navy Royal Australian Navy BAE Systems

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Lockheed Martin Wins $257M Navy MK 48 Torpedo Contract

September 11, 2026

1 min read

Key Takeaways

Lockheed Martin wins $257M Navy contract for MK 48 Torpedo.
Contract includes production, spares, and engineering support.
Work to be performed in New York, Florida, and Massachusetts.

Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.

Silver membership required Upgrade to Silver to access Key Takeaways.

Strategic Implications

This contract award may indicate the Navy's continued reliance on Lockheed Martin for critical defense systems. The investment in MK 48 Torpedo production suggests a focus on enhancing naval capabilities, which could have implications for the global defense landscape.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.

Silver membership required Upgrade to Silver to access Strategic Implications.

What Happened

Defense Giant Secures Major Naval Contract For Heavyweight Torpedo

Lockheed Martin has been awarded a $257 million contract by the US Navy for the production, spares, and engineering support of the MK 48 Heavyweight Torpedo. The contract, which includes options for the Royal Australian Navy and Foreign Military Sales program, is expected to be completed by September 2029. Work will be performed in Liverpool, New York, Clearwater, Florida, and Braintree, Massachusetts. This contract was reported by ClearanceJobs.

Source | Originally Published: September 10, 2026

Companies Mentioned

Lockheed Martin US Navy Royal Australian Navy BAE Systems