Argentina’s submarine and frigate acquisitions resurface with $3.5bn funding plan
Buenos Aires set out foreign loans worth $3.5 billion in its draft 2027 budget, opening a contest in which Naval Group and TKMS could lead the field.
Lockheed Martin gains more SSDS work
Lockheed Martin has been awarded a contract modification worth $65 million covering a combat system and engineering support services for the Ship Self-Defense System (SSDS).
Work on the system will be performed in Moorestown, New Jersey for completion by June 2022.
Funds for the contract were granted from the FY2019 and FY2020 naval operations and maintenance budget, as well as the FY2019 and FY2020 naval research, development, test and evaluation budget.
The contracting activity is the Naval Sea Systems Command in Washington, D.C.
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