Lockheed Martin has been awarded a contract to modernize the Air Force fleet of F-22s — a contract that could be worth almost $7 billion for the company.
The Air Force announced the indefinite-delivery, indefinite-quantity contract Wednesday. Because of the nature of the contract, it is unclear how much the company will actually make for its work, but the contract caps out at $6.9 billion, a significant dollar amount at a time when defense contractors are feeling the pinch of reduced Defense Department spending.
The work is due to be completed by Feb. 20, 2023. Work will take place in El Segundo and San Diego, Calif.; Scottsdale, Ariz.; Nashua, N.H.; and Wayne, N.J. The contracting office is located at Wright-Patterson Air Force base in Ohio.
“Lockheed Martin looks forward to working with the Air Force to ensure the F-22 maintains air dominance for decades to come with capability upgrades like advanced weapons, multi-spectral sensors, advanced networking technology and advanced anti-jamming,” B.J. Boling, a Lockheed spokesman, wrote in an email.
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