Lockheed awarded $451 mln US defense contract

Lockheed Martin Corp has been awarded a $451 million contract modification to a previously awarded contract for material and detail design in support of the construction of four multi mission surface combatant ships, the Pentagon said on Monday.

The contract involves foreign military sales to Saudi Arabia, the statement added.

“Foreign military sales funding for the Kingdom of Saudi Arabia in the amount of $225,372,361 will be obligated at time of award and will not expire at the end of the current fiscal year,” the statement said.