Lockheed Martin awarded $520.4M Air Force contract modification

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 modification brings the total cumulative face value of the contract to $897.4M. Foreign Military Sales funds in the amount of $177.7M are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity.