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Lockheed Martin Inks $111 Million F-22 Raptor Modification

Lockheed Martin (NYSE: LMT) claimed a $111.4 million contract modification from the U.S. Air Force for sustainment of the F-22 Raptor fleet.

According to the firm, “FASTeR is a Performance-Based Logistics contract providing weapon systems sustainment of the F-22 fleet at all operational bases for the 2010 calendar year, including training systems, customer support, integrated support planning, supply chain management, aircraft modifications and heavy maintenance, sustained engineering, support products and systems engineering.”

“Our focus in sustaining the F-22 Raptor fleet is total support to our customer by helping enable higher readiness rates, more sorties, faster response and lower life-cycle costs, ” said Scott Gray, F-22 Program vice president of sustainment for Lockheed Martin. “Our mature supplier base ensures the F-22 receives efficient support anywhere in the world and provides the fastest, most effective link between customer requirements and delivered capability.”

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