Lockheed Martin (NYSE: LMT) has received a potential 10-year, $10.86 billion contract to help the U.S. Air Force update and maintain the military service’s F-22 Raptor fighter aircraft.
USAF is procuring modernization hardware kits along with systems upgrade, repair and logistics support services through the Advanced Raptor Enhancement & Sustainment program, the Department of Defense said Friday.
The indefinite-delivery/indefinite-quantity contract covers a five-year base ordering period and a five-year option period.
Work will take place in Fort Worth, Texas, until Oct. 31, 2031, if all options are exercised.
An August presolicitation notice stated that the sole-source ARES award would serve as a follow-on to the Raptor Enhancement, Development and Integration II contract.
The Air Force Life Cycle Management Center obligated $200,000 in research, development, test and evaluation funds for fiscal year 2021 at the time of award.
Lockheed built the F-22 with integrated avionics, electronic warfare and signals intelligence platforms.