Home / Contract Awards / Lockheed to Help Air Force Develop Radar Threat System Under Potential $105M Award

Lockheed to Help Air Force Develop Radar Threat System Under Potential $105M Award

Lockheed Martin (NYSE: LMT) has won a potential 10-year, $104.6 million contract to develop and test a production representative article of Advanced Radar Threat System Variant 2 for the U.S. Air Force.

The Defense Department said Monday the single-award contract includes an option for the company to produce up to 20 ARTS-V2 units.

Lockheed’s missiles and fire control business will perform work in Alabama, Arizona, California, Colorado, Florida, New York, Ohio, Rhode Island, Texas, Virginia and Wisconsin through June 30, 2027.

The Air Force received two bids for the contract through a competitive acquisition process and obligated $24.7 million in fiscal 2017 research, development, test and evaluation funds at the time of award.

(CORRECTION: The contract value has been updated based on a DoD announcement dated June 13, 2017. All other information is accurate.)

Check Also

Raytheon Wins $642M MDA IDIQ to Help Test Ballistic Missile Defense System Radars

Raytheon (NYSE: RTN) has won a potential $641.8 million contract to help the  Missile Defense …

Johns Hopkins APL Lands $934M MDA Systems Engineering, Technical Support Contract

Johns Hopkins University’s Applied Physics Laboratory has received a potential five-year, $933.7 million contract to …

Subscribe to our Newsletter
I will subscribe later