Home / Contract Awards / Lockheed Wins $253M for Saudi F-15 Program Support

Lockheed Wins $253M for Saudi F-15 Program Support

056_lockheedmartinLockheed Martin (NYSE: LMT) has won a $253, 381, 949 U.S. Air Force contract to support an F-15SA modernization program in Saudi Arabia, the Defense Department said Monday.

Saudi Arabia is upgrading its F-15 fleet under a foreign military sales agreement with the U.S., where Boeing (NYSE: BA) will convert 68 of the jets to the F-15SA configuration under a $4 billion contract.

In late 2011, the U.S. and Saudi governments signed a $30 billion agreement covering the sale of 84 jets and upgrades.

Lockheed will perform work under the firm-fixed-price contract in Akron, Ohio through June 2020 and Wright-Patterson Air Force Base is the contracting activity.

The company is also upgrading F-16 fleets under a $1.8 billion sales agreement with the U.S., supporting Taiwan.

Check Also

Navy Awards $91M to Seven Firms Through Military Construction IDIQ

Seven companies have been awarded $91M in contract funds from the U.S. Navy to build, modernize or repair facilities at various government installations located within the Naval Facilities Engineering Command's southwest area of operations.

Mike Garris, Maj. Sam Gray, Terry Busch to Serve as Panelists at Potomac Officers Club’s AI Summit 2020 on Feb. 13th

Mike Garris, chief technology advisor of National Security Commission on Artificial Intelligence (NSCAI), Maj. Sam Gray, program manager at the Autonomy & AI Portfolio of Strategic Capabilities Office (SCO), and Terry Busch, technical director of Machine-Assisted Analytic Rapid-Repository System (MARS) of Defense Intelligence Agency (DIA) will serve as panelists during Potomac Officers Club’s 2nd Annual Artificial Intelligence Summit 2020 on Thursday, Feb. 13th.

Register here for POC’s 2nd Annual Artificial Intelligence Summit 2020.