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Lockheed Martin Secures $209M Electronic Warfare Contract

October 7, 2026

2 min read

Key Takeaways

Lockheed Martin secures $209 million for electronic warfare contract.
Contract modification could bring cumulative value above $1.7 billion.
Production of AN/SLQ-32(V)6 systems for U.S. Navy ships.
Work to be completed by September 2029.

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Strategic Implications

This contract modification may signal the Navy's increasing reliance on Lockheed Martin for critical electronic warfare capabilities. The potential cumulative value of over $1.7 billion suggests a long-term commitment to this program, which could strengthen Lockheed Martin's position as a leading defense supplier and may indicate a growing demand for advanced electronic warfare systems.

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What Happened

Defense Giant Expands Role In Critical Navy Program

Lockheed Martin has secured an additional $209 million for an ongoing electronic warfare contract, which could bring the cumulative value above $1.7 billion if all options are exercised. The contract modification includes production of Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 systems for U.S. Navy ships, with work expected to be completed by September 2029. The deal highlights Lockheed Martin’s ongoing role as a critical defense supplier and adds to its revenue pipeline, according to GuruFocus. This development was first reported by al.com.

Source | Originally Published: October 6, 2026

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