Lockheed Martin receives $7B for F-22 sustainment

Lockheed Martin was awarded a $7 billion contact from the U.S. Air Force for the Lockheed Martin F-22 Raptor sustainment.

The terms of the deal were announced Thursday in a press statement released by the Department of Defense. The contract is classified under a indefinite-delivery, indefinite-quantity contract over a five-year period, with an expected completion date of Dec. 2027.

The Lockheed Martin F-22 Raptor is a 5th generation stealth air-superiority fighter with ground attack capabilities and is one of the most advanced fighters in the world.

The aircraft has seen recent action in Afghanistan, as the aircraft was selected for use in counter-revenue operations targeting Taliban narcotic manufacturing locations in the northern region of Helmand Province, due to the aircraft carrying GBU-39 Small Diameter Bombs -- a precision-guided weapon system, according to Defense Department officials and previous UPI reporting.

The contract between Lockheed Martin and the U.S. Air Force provides for comprehensive F-22 air vehicle sustainment, according to the Pentagon press statement. Work is scheduled to be performed at five operational U.S. Air Force and joint service bases and five U.S. military installation support bases across the U.S., in addition to some undisclosed overseas locations.

More than $1.9 million from fiscal 2018 operations and maintenance funds will be obligated to Lockheed Martin at the time of award contract, according to the press release.

Last week, United Technologies was awarded $6.7 billion from the U.S. Air Force for sustainment on the Pratt and Whitney F-119 engine that powers Lockheed Martin's F-22 Raptor.

Similar to Thursday's contract award, United Technologies is also classified as a indefinite-delivery, indefinite-quantity contract until Dec. 2025.

Aerion and Lockheed Martin team up for first supersonic business jet
Washington DC (SPX) Dec 21, 2017
Two leaders in supersonic technology, Aerion and Lockheed Martin announced a Memorandum of Understanding (MOU) today to define a formal and gated process to explore the feasibility of a joint development of the world's first supersonic business jet, the Aerion AS2. Over the next 12 months, the companies will work together to develop a framework on all phases of the program, including engineering ... read more

Related Links
Aerospace News at SpaceMart.com

Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Monthly Supporter
$5+ Billed Monthly

SpaceDaily Contributor
$5 Billed Once

credit card or paypal