Home / Contract Awards / Lockheed Secures $7B Air Force F-22 Sustainment IDIQ Option

Lockheed Secures $7B Air Force F-22 Sustainment IDIQ Option

Jeff Brody

Lockheed Martin's (NYSE: LMT) aeronautics business segment has received a potential 13-year, $7B contract modification to continue sustainment work on the U.S. Air Force’s fleet of F-22 Raptor jets.

The service branch exercised a five-year option under a previously issued indefinite-delivery/indefinite-quantity contract 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 by Dec. 31, 2032.

Check Also

IntelliDyne Founder Robert Grey Returns to CEO Post

Robert Grey, founder of IntelliDyne, has been appointed to serve again as CEO of the Falls Church, Va.-based information technology services provider.

Charles Romine, Director of NIST IT Lab, to Give Keynote Address at Potomac Officers Club’s AI Summit 2020 on Feb. 13th

Charles Romine, director of the Information Technology Laboratory (ITL) at the National Institute of Standards and Technology (NIST), will serve as a keynote speaker during Potomac Officers Club’s 2nd Annual Artificial Intelligence Summit 2020 on Thursday, Feb. 13th.