Lockheed Martin‘s (NYSE: LMT) aeronautics business segmentÂ has received a potential 13-year, $7B contract modification to continue sustainment work on the U.S. Air Forceâs fleet of F-22 Raptor jets.
The service branch exercisedÂ a five-yearÂ option under a previously issued indefinite-delivery/indefinite-quantity contractÂ for aircraft sustainment services, the Department of Defense said Friday.
Locations of work include Joint Base Elmendorf-Richardson in Alaska, Nellis AF Base in Nevada, Tyndall AFB in Florida, Joint Base Langley-Eustis in Virginia and Joint Base Pearl Harbor-Hickam in Hawaii.
The company will also perform services at various support locations across the U.S. and designated overseas sites.
DoD expects contract work to finish byÂ Dec. 31, 2032.