Lockheed Wins $7.4B F-22 Raptor Support IDIQ

The U.S. Air Force has awarded Lockheed Martin Corp. (NYSE: LMT) a not-to-exceed $7.4 billion indefinite-delivery/indefinite-quantity contract to support the Air Force’s F-22 Raptor program.

Lockheed will develop upgrades, incorporate new requirements, add capabilities and boost performance of the aircraft, according to a Defense Department release.

Wright-Patterson Air Force Base, Ohio, is the contracting activity.

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