Tuesday, December 27, 2011

Contract: Lockheed Martin, $253M

Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $253,000,000 modification to definitize the previously awarded F-35 Lightning II Joint Strike Fighter Low Rate Initial Production IV sustainment undefinitized contract action. This contract has both cost-plus-incentive-fee and cost-plus-fixed-fee contract line items. This modification provides for recurring and non-recurring sustainment for the Navy, Air Force, and Cooperative Program participants. Work will be performed in Texas, California, United Kingdom, Florida, New Hampshire and Maryland. Work is expected to be completed in May 2014. Contract funds in the amount of $169,686,815 will expire at the end of the current fiscal year. This contract combines purchases for the Navy (55.5 percent), Air Force (35.2 percent) and Cooperative Program participants (9.3 percent). The Naval Air Systems Command, Patuxent River, Md., is the contracting activity. (Source: DoD, 12/27/11)