Tuesday, October 13, 2015

Contract: Lockheed, $305.5M

Lockheed Martin Missile and Fire Control, Orlando, Fla., has been awarded a $305,457,460 firm-fixed-price and fixed-price incentive (firm target) contract for the Joint Air-to-Surface Standoff Missile production. Contractor will provide Joint Air-to-Surface Standoff Missile production, system upgrades, integration, sustainment, management, and logistical support. Work will be performed at Troy, Ala., and is expected to be complete by June 30, 2018. This award is the result of a sole-source acquisition. Air Force Life Cycle Management Center, Eglin Air Force Base, Fla., is the contracting activity (FA8682-16-C-0005). (Source: DoD, 10/13/15)