The central New York operation of Lockheed Martin failed to secure the third round of a lucrative Navy supply contract.
The first two rounds of funding for a new electronic warfare system known by the acronym SEWIP were given to Lockheed Martin’s plant in suburban Syracuse in 2013 and 2014. Last summers award was worth $147 million.
But the Navy decided to the award the third, and largest, part of the contract to competitor Northrup Grumman. The Navy says the contract is worth skywards of $300 million with all the options.