Lockheed Wins Potential $900M Air Force F-16 Maintenance & Modification Contract

Lockheed Martin (NYSE: LMT) has won a potential 10-year, $900M contract to establish a depot sustainment facility for the U.S. Air Force's F-16 Fighting Falcon aircraft fleet.

The company will maintain and modify F-16 jets, conduct scheduled inspections, provide field support and address time compliance technical orders, the Department of Defense said Friday.

USAF received four offers for the contract and is obligating $1.4M at the time of award from its fiscal 2021 operation and maintenance funds.

In a separate announcement, Lockheed noted it will perform the services at a company facility in Greenville, South Carolina and has delivered 4,588 F-16s to domestic and international customers to date.

Sponsor

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

I'm Interested In: