Lockheed Martin Wins $22.7 Bln U.S. Contract



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(RTTNews.com) – Lockheed Martin Corp. has been awarded a $22.71 billion not-to-exceed undefinitized contract modification to a previously awarded fixed-price-incentive-firm-target, firm-fixed-price advanced acquisition contract for 255 aircraft, the U.S. Department of Defense said.

The modification provides for the production and delivery of 106 F-35 aircraft for the U.S. services (64 F-35As Air Force; 26 F-35Bs Marine Corps; 16 F-35Cs Navy); 89 F-35s for non-Department of Defense (DoD) participants (71 F-35As, 18 F-35 Bs); and 60 F-35s for Foreign Military Sales customers (60 F-35As). The U.S. aircraft quantities are for the Lot 12 program of record plus fiscal 2018/fiscal 2019 aircraft quantity congressional adds.

Work will be performed in Fort Worth, Texas (57 percent); El Segundo, California (14 percent); Warton, United Kingdom (9 percent); Cameri, Italy (4 percent); Orlando, Florida (4 percent); Nashua, New Hampshire (3 percent); Baltimore, Maryland (3 percent); San Diego, California (2 percent); Nagoya, Japan (2 percent); and various locations outside the continental U.S. (2 percent), and is expected to be completed in March 2023.

Lockheed Martin Corp., Owego, New York, is awarded a $382 million not-to-exceed, firm-fixed-price, cost-plus-fixed-fee, undefinitized contract that provides for the production and delivery of eight MH-60R aircraft as well as associated systems engineering and program management support. Work will be performed in Owego, New York (52 percent); Stratford, Connecticut (40 percent); and Troy, Alabama (8 percent), and is expected to be completed in September 2020.


Read the original article on RTTNews (http://www.rttnews.com/2955308/lockheed-martin-wins-22-7-bln-u-s-contract.aspx)

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