Saturday, April 4, 2020

Contract: Lockheed, $818.2M

Lockheed Martin Corp., Orlando, Fla., has been awarded an $818,210,722 firm-fixed-price contract for Joint Air-to-Surface Standoff Missile (JASSM) Lot 17 and 18 production. This contract provides for 360 Lot 17 JASSM-Extended Range (ER) missiles; 40 Lot 17 Foreign Military Sales (FMS) JASSM-ER missiles; and 390 Lot 18 JASSM-ER missiles. Work will be performed in Orlando and is expected to be completed by Oct. 31, 2024. This award is the result of sole-source acquisition, and fiscal 2018 missile procurement funds in the amount of $767,485,823; and Foreign Military Sales funds in the amount of $50,724,899 will be obligated at the time of award. The Air Force Life Cycle Management Center, Eglin Air Force Base, Fla., is the contracting activity (FA8682-20-C-0001). (Source: DoD, 04/01/20)