Australia awards Lockheed Martin $26.5M submarine contract

The Australian Submarine Agency (ASA) has awarded Lockheed Martin (NYSE: LMT) a two-year AUD$26.5 million contract to develop a Combat Systems Integration (CSI) capability for Australia's future Virginia-class submarines under the AUKUS partnership.

Under the contract, Australian engineers will work alongside U.S.-based Virginia-class submarine subject-matter experts. Lockheed Martin and the ASA will also conduct a market analysis of Australia's supply-chain needs for the Virginia-class combat system integration effort, identifying opportunities for local suppliers to participate in the global supply chain.

The contract is expected to add more than 20 CSI engineering jobs in Western Australia, expanding Lockheed Martin's maritime combat-systems and integrated air-and-missile-defense workforce, which currently numbers over 470 specialists.

"Australia is building a sovereign undersea capability that will serve its national security for decades to come," said Devon Rodgers, vice president and general manager of Undersea Mission Systems at Lockheed Martin.

Jeremy King, Lockheed Martin Australia and New Zealand chief executive, said the partnership will "strengthen our ability to operate seamlessly with allies and deepen the AUKUS industrial base collaboration."

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