Lockheed to Sustain Air Force F-22 Jets Under $536M Contract Modification

2016lockheedmartinlogoLockheed Martin (NYSE: LMT) has received a $536.4 contract modification from the U.S. Air Force to provide sustainment services for the military branch’s F-22 Raptor aircraft fleet.

The Defense Department said Monday work will occur in Fort Worth, Texas through Dec. 31, 2017.

The Air Force obligated $62 million in fiscal 2017 operations and maintenance funds at the time of award.

Lockheed’s fifth generation F-22 aircraft is designed to provide stealth, speed, agility, situational awareness and long-range air-to-air and air-to-ground weaponry for military customers.

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