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

Randy Cole Promoted to NeoSystems SVP for Consulting Services, Product Sales

Randy Cole, formerly vice president of client services at NeoSystems‘ managed accounting services business, has been …

Report: VA, Cerner in Talks Over Terms of 10-Year EHR Modernization Contract

The Department of Veterans Affairs and Cerner (Nasdaq: CERN) are in the final phase of negotiations over …

Subscribe to our Newsletter
I will subscribe later