The U.S. Navy awarded Lockheed Martin with a $68 million basic ordering agreement to overhaul Mk 92 fire control systems.

Under the agreement, the company is tasked with performing various equipment changes, repairs, overhauls and field services to support in-service engineering requirements. Additional work will include computer programming and documentation development.

The engineering efforts will support the U.S. Coast Guard and foreign navies through foreign military sales to allied nations.

The U.S. Department of Defense says the work will be performed in Moorestown, N.J. and various other locations, and is expected to be complete by March 2022.

Lockheed Martin received no funding at the time of the contract award. The Naval Surface Warfare Center is the contracting activity.

The Mk 92 fire control system powers on-board weapons used to defend against air and surface threats, and powers missile controls and a naval gun. The system has been in service with U.S. armed forces since 1975.

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