Lockheed Martin has been awarded a not-to-exceed $520.4M, fixed-price incentive modification to a previously awarded contract for Foreign Military Sales Block 70/72 F-16 Viper Shield electronic warfare suite production. The contract modification expands the current long lead materials contract to allow the contractor to begin production tasks. The location of performance is Fort Worth, Texas. The work is expected to be completed by June 30, 2028. This modification involves FMS to the Kingdom of Bahrain, the Republic of Bulgaria, the Kingdom of Morocco, the Slovak Republic, and the Taiwan Air Force. Foreign Military Sales funds in the amount of $152.7M are being obligated at the time of award. The total cumulative face value of the contract is $897.4M. The Air Force Life Cycle Management Center is the contracting activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Lockheed Martin Declares Third Quarter 2024 Dividend
- Lockheed Martin awarded $534M Navy contract modification
- Another Space Setback for Boeing (NYSE:BA) Sends Shares Up
- Lockheed Martin Stock (NYSE:LMT): Leveraging Geopolitical Unrest for Growth
- Lockheed Martin awarded $283M Missile Defense Agency contract extension