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Contract N0002423C5123

Lockheed Martin Corporation · Department Of Defense · June 26, 2024

Cost Plus Incentive FeeSole SourceNAICS 334511

Lockheed Martin Corporation was awarded a federal contract by Department Of Defense (Department Of The Navy) on June 26, 2024 for $339.24 million of work in search, detection, navigation, guidance, aeronautical, and nautical system and instrument manufacturing. Performance is in Moorestown, NJ. It was awarded under full and open competition. The contract has been modified 20 times since the base award It uses cost-plus contract pricing. The most recent modification was on December 30, 2025. If all options are exercised, the contract could reach $1.66 billion.

Obligated to date
$339.24M
$339,240,915
Current value
$1.44B
Potential value
$1.66B
if all options exercised
Modifications
20
Latest December 30, 2025

Contract details

PIID
N0002423C5123
Award type
Definitive Contract
Pricing
Cost Plus Incentive Fee
Set-aside
No Set Aside Used.
Competition
Not Competed
NAICS
334511 · Search, Detection, Navigation, Guidance, Aeronautical, And Nautical System And Instrument Manufacturing
Product / service
Fire Control Systems, Complete
Place of performance
Moorestown, NJ
First action
June 26, 2024
Latest action
December 30, 2025

Description

CEILING TRANSFER TO EXERCISE CLINS 3001AA, 3003AA, 3004AA, AND 3005AA FUNDED BY PRICED SLINS.

Modification timeline

  • December 30, 2025
    Mod P00059 · Exercise An Option
    $1.11B
  • December 22, 2025
    Mod P00058 · Exercise An Option
    CP DEVELOPMENT AND FIELDING
    $1.11B
  • December 11, 2025
    Mod P00057 · Other Administrative Action
    ADMINISTRATIVE CORRECTION TO INSPECTION AND ACCEPTANCE CRITERIA FOR SLIN 0007AB.
    $1.08B
  • November 20, 2025
    Mod P00056 · Funding Only Action
    MODIFICATION TO FUND SLIN 210312, DE-OBLIGATE SLINS 210102 AND 210103, AND UPDATE C-245-H012 RENT-FREE USE OF GOVERNMENT PROPERTY (NAVSEA) (JAN 2019).
    $1.08B
  • November 5, 2025
    Mod P00055 · Funding Only Action
    DECREASE HOURS AND FUNDING TO SLIN 1012AA. ESTABLISH AND FUND 1012AB AND 1012AD.
    $1.08B
  • September 24, 2025
    Mod P00054 · Funding Only Action
    FUNDING MODIFICATION FOR TRANSFER OF CEILING, OBLIGATION / DE-OBLIGATION OF FUNDS.
    $1.01B
  • August 25, 2025
    Mod P00053 · Funding Only Action
    CP DEVELOPMENT AND FIELDING
    $964.68M
  • August 5, 2025
    Mod P00052 · Funding Only Action
    CP DEVELOPMENT AND FIELDING
    $954.16M
  • July 29, 2025
    Mod P00051 · Other Administrative Action
    CP DEVELOPMENT AND FIELDING
    $954.16M
  • July 24, 2025
    Mod P00050 · Funding Only Action
    CP DEVELOPMENT AND FIELDING
    $954.16M
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Lifetime obligated dollars across all federal contracts in this NAICS code.

#ContractorContractsObligated
1Raytheon Company30$507.39M
2Lockheed Martin Corporation24$391.80M
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Frequently asked questions

What is contract N0002423C5123?

Contract N0002423C5123 is a federal contract awarded to Lockheed Martin Corporation by Department Of Defense on June 26, 2024 for $339.24 million of work classified under SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL, AND NAUTICAL SYSTEM AND INSTRUMENT MANUFACTURING. It has been modified 20 times since the base award.

Who won contract N0002423C5123?

Lockheed Martin Corporation won contract N0002423C5123 from Department Of Defense.

How much is contract N0002423C5123 worth?

Contract N0002423C5123 has obligated $339.24 million to date, with a total potential value of $1.66 billion if all options are exercised.