Hello, Guest!
  • Monday, December 23, 2024

Lockheed Secures $70M F-22 Sustainment Contract Modification

Lockheed Martin (NYSE: LMT) has secured a potential $70 million contract modification from the U.S. Air Force to accelerate, stabilize and restore the supply rate of F-22 sustainment efforts.

The Defense Department said Friday the Air Force Life Cycle Management Center will obligate $35 million in fiscal 2017 operations and maintenance funds at the time of award.

Work under the modification will occur in Fort Worth, Texas, through Dec. 31, 2019.

The Air Force awarded a separate $536.4 million modification to Lockheed in October to provide sustainment services for the service branch’s fleet of F-22 Raptors.

Video of the Day

Related Articles

Air Force Posts Solicitation for Potential $5.7B Combat Air Force Support Follow-On Contract News

Air Force Posts Solicitation for Potential $5.7B Combat Air Force Support Follow-On Contract

The U.S. Air Force has begun seeking proposals for a potential $5.7 billion follow-on multiple-award contract to provide combat air forces contracted air support services to help protect U.S. assets against advanced airborne threats. CAF CAS II seeks to procure non-personal services for realistic advanced adversary air threats and close air support threats to support

SandboxAQ Global Public Sector President Jen Sovada Outlines Company’s Emerging Tech-Based Strategies Artificial Intelligence

SandboxAQ Global Public Sector President Jen Sovada Outlines Company’s Emerging Tech-Based Strategies

When Jen Sovada realized she could make more of an impact on the outside of the military looking in, she retired from the U.S. Air Force. Now, her company, the fast-growing startup SandboxAQ, regularly does business with the USAF and Sovada still gets to support the mission, circumnavigating the oft-labyrinthine bureaucracy of the government. Sovada

Air Force Secretary Frank Kendall Receives 2024 Wash100 Award News

Air Force Secretary Frank Kendall Receives 2024 Wash100 Award

The Honorable Frank Kendall, secretary of the Air Force, accepted his 2024 Wash100 Award from Executive Mosaic CEO Jim Garrettson during a recent visit to the Pentagon. Vote for Secretary Kendall to win the 2024 Wash100 popular vote competition at Wash100.com. There’s only ONE WEEK left to vote, so cast your votes today! Kendall won his fifth Wash100