Lockheed was awarded a not-to-exceed $525M firm-fixed-price, cost-plus-fixed-fee, cost reimbursable indefinite-delivery/indefinite-quantity contract to provide highly specialized non-recurring engineering, integration, and flight-test support for the development and modernization of the Y/CH-53K Heavy Lift Helicopter program. Efforts include the design, development, testing, verification, and validation of product improvements, as well as the integration and qualification of advanced technologies to enhance aircraft capability, performance, and reliability for the Marine Corps, Navy and a Foreign Military Sales customer. Work is expected to be completed in June 2031. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract action was not competed. Naval Air Systems Command is the contracting activity.Introducing TipRanks MCP for Agents Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools. Designed for personal research, portfolio monitoring, and AI-assisted investment workflows.
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